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Stock Market & Financial Investment News

News Breaks
August 1, 2014
11:28 EDTGPROGoPro CEO says continuing to expand scale of content channels
GoPro CEO Nicholas Woodman said on an interview with CNBC that stock price movement has no effect on the company's strategy. He said that the firm is aiming to help people share content. He believes with people creating, managing more content, it increases pull from user-generated content to be distributed.
News For GPRO From The Last 14 Days
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February 27, 2015
15:40 EDTGPROGoPro March volatility increases as shares trend lower
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10:07 EDTGPROGoPro falls, levels to watch
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09:59 EDTGPROGoPro management to meet with JPMorgan
Meeting to be held in San Francisco on March 5 hosted by JPMorgan.
February 26, 2015
15:43 EDTGPROGoPro could be challenged in China by Xiaomi plans, says Oppenheimer
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12:12 EDTGPROFacebook climbs after analyst says Oculus could be used for NBA, NHL games
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February 25, 2015
11:59 EDTGPROStocks with call strike movement; GPRO RIG
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February 24, 2015
11:36 EDTGPROStocks with call strike movement; GPRO PBR
GoPro (GPRO) July 50 call option implied volatility decreased 3% to 51, Petrobras (PBR) July 8 call option implied volatility decreased 1% to 66 according to IVolatility.
February 20, 2015
10:03 EDTGPROGoPro February calls active
GoPro February 45, 45.5 and February weekly 47 calls are active in total call volume of 5K contracts (1K puts) amid renewed takeover speculation. February weekly call option implied volatility is at 71, March is at 57, April is at 54; compared to its 26-week average of 56 according to Track Data. Active call volume suggests traders taking positions for large near term price movement.
09:48 EDTGPRORumor: GoPro moves higher amid renewed takeover speculation
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February 18, 2015
03:20 EDTGPROOn The Fly: Analyst Initiation Summary
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February 17, 2015
12:17 EDTGPROGoPro rises as lock-up expires
Shares of action camera maker GoPro (GPRO) are climbing as about 76M shares of the company's stock become available for sale today. WHAT'S NEW: About 76M shares of GoPro's stock became available for sale today as a lock-up related to a recent secondary offering of the company's stock expired. Lock-up agreements, a typical feature of company stock offerings, prevent certain shareholders from selling for a set amount of time after the offering. GoPro CEO Nicholas Woodman said in a regulatory filing that the company had carried out the secondary offering partly as a means of facilitating a more gradual, orderly sale of shares when the company's IPO lock-up ended last December 22. A number of larger shareholders agreed to hold onto their shares for another 90 days in order to further that goal, Woodman explained. WHAT'S NOTABLE: In a note to investors today, research firm Northland Securities initiated coverage of GoPro with an Outperform rating, saying that the company's new HERO4 camera is "demonstrating strong...momentum." Sales of the product are causing the company's gross margins and average selling price to rise, added the firm. GoPro is also poised to benefit significantly from the proliferation of its images on digital media, and from the deployment of its cameras in additional venues such as helmets and drones, according to Northland. The firm set a $70 price target on the shares. PRICE ACTION: In early afternoon trading, GoPro climbed $4.04, or 8.8%, to $49.24.
12:15 EDTGPROGoPro rallies sharply, levels to watch
The shares were initiated at Outperform at Northland with a $70 price target. This is also another lock-up expiration day, which are often volatile trading days but not necessarily consistent indicators of future performance. At the current price of $48.93, next resistance is at $50.29. Support is at $48.40.
10:00 EDTGPROOn The Fly: Analyst Initiation Summary
Today's noteworthy initiations include: Box, Inc. (BOX) initiated with a Hold at Canaccord... Euronav NV (EURN) initiated with an Overweight at Morgan Stanley... GoPro (GPRO) initiated with an Outperform at Northland... M/A-COM (MTSI) initiated with a Neutral at BofA/Merrill... Macy's (M) initiated with an Underweight at Barclays... NetSuite (N) initiated with an Underperform at Exane BNP Paribas... Omega Healthcare (OHI) initiated with a Neutral at BofA/Merrill... Pandora (P) initiated with a Neutral at Macquarie... Pattern Energy (PEGI) coverage resumed with an Outperform at BMO Capital... Regeneron (REGN) initiated with an Outperform at Bernstein... Trovagene (TROV) initiated with an Overweight at Piper Jaffray... Vista Outdoor (VSTO) initiated with a Market Perform at Cowen.
07:22 EDTGPROMitsubishi UFJ to hold a tour
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07:03 EDTGPROGoPro initiated with an Outperform at Northland
Target $70.
February 15, 2015
16:45 EDTGPROFAA proposes new rules for commercial operation of drones in U.S
The Department of Transportationís Federal Aviation Administration proposed a framework of regulations that would allow routine use of certain small unmanned aircraft systems, UAS, in todayís aviation system, while maintaining flexibility to accommodate future technological innovations. The FAA proposal offers safety rules for small UAS, under 55 pounds, conducting non-recreational operations. The rule would limit flights to daylight and visual-line-of-sight operations. It also addresses height restrictions, operator certification, optional use of a visual observer, aircraft registration and marking, and operational limits. Publicly traded companies in the space include General Dynamics (GD), Lockheed Martin (LMT), Northrop Grumman (NOC), AeroVironment (AVAV), SAIC (SAIC), Textron (TXT), Amazon.com (AMZN) and GoPro (GPRO). Reference Link

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