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Why GoPro Jumped 11.8% Last Month

TheMotleyFool

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Why GoPro Jumped 11.8% Last MonthPhoto, wide shot, wide-angle lens, Telecom equipment supplier, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Michael Light: https://img.theapi.app/temp/ad10ed87-71d0-4096-a50b-ba9470f8264b.png

GoPro's (NASDAQ: GPRO) stock jumped 11.8% in August, according to data provided by S&P Global Market Intelligence, after the company reported a stronger second quarter than analysts had expected.

GoPro has fallen on some pretty hard times as the company has faced employee cutbacks, a botched launch of its Karma drone, and ongoing losses from sales of its action cameras. But the second quarter was a bit of a bright spot for GoPro, and investors were eager for some good news.

Image source: GoPro.

Source: Fool.com