Why GoPro Stock Popped 11% This Morning -- Then Lost It All
Shares of action-camera maker GoPro (NASDAQ: GPRO) surged in after-hours trading yesterday and continued to climb in early trading Wednesday, after the company's founder and CEO Nick Woodman exulted in a press release that "we crushed" on Black Friday and Cyber Monday sales.
But after surging more than 11% in early trading, by 10:45 a.m. EST GoPro stock had given back essentially all its gains, and was up just 0.5%. Why?
Image source: Getty Images.
Source Fool.com
