Why GoPro Stock Is Skyrocketing Today
(NASDAQ: GPRO) stock is posting massive gains in Wednesday's trading. The action-camera specialist's share price was up 23% as of 12:45 p.m. ET and had been up as much as 73% earlier in the session.
Despite the huge rally for the stock, there's not any business-specific news pushing GoPro's valuation higher today. Instead, the company has recently gained favor as a meme-stock play -- and some investors are buying up shares in hopes of scoring big returns in a short period of time.
Image source: Getty Images.
Source Fool.com
GoPro Inc. A Stock
€1.47
0.270%
Our community is currently low on GoPro Inc. A with 1 Buy predictions and 3 Sell predictions.
On the other hand, the target price of 3 € is above the current price of 1.47 € for GoPro Inc. A, so the potential is actually 104.22%.
