Shares of GoPro (NASDAQ: GPRO) have been battered badly on the stock market this year amid the broader sell-off, but the action camera specialist has been showing signs of life of late.
GoPro has surged 20% in the last month on the back of a broader recovery in technology stocks. The stock has headed north despite the company's mixed second-quarter results that were released on Aug. 4. While GoPro's top and bottom lines exceeded expectations, the company's outlook turned out to be much worse than expected and points toward a slowdown in sales.
Does this mean that investors should stay away from GoPro stock? Let's find out.
Source Fool.com