Is GoPro Stock a Buy Today?
GoPro (NASDAQ: GPRO) stock has been through a wild ride in the last few weeks and is turning out ot be one of the early winners on the market in 2021. Share prices are up 40.6% so far this year, easily topping the S&P 500's 5.8% gain.
Apparently, shares have become favored among Robinhood investors, and fellow Fool Howard Smith recently suggested that a short squeeze could be taking place. What makes this unusual as a short squeeze play is that there's no fundamental news driving the stock right now. The jump in stock price makes this a great time for investors to take a step back and ask if now is a time to reconsider this hot stock or, if already invested, to jump ship while shares are up.
Image source: GoPro.
Source Fool.com
