Neither Amigobulls, nor any members of its staff hold positions in any of the stocks discussed in this post. All information provided "as is" for informational purposes only, not intended for trading purposes or advice. Since going public in June 2014, GoPro stock rose from about $24 a share at the time of the IPO, to almost $87 a share at its peak, in October 2014.
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However, since the phenomenal run in the initial three months, the stock has gone steadily downhill.
Based on recent posts by two of our guest authors, investors would do well to wait for the company to unveil the next set of growth drivers, before entering the stock, based purely on the fact that GoPro's stock price is near its all time lows. The fact that GoPro is not putting these funds to better use, and instead buying back stocks, could be discouraging to some.
The fact that one of GoPro's top investors has been exiting the stock, and what it means for investors, was also the subject of a recent post on Motley Fool.
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