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.

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Source Fool.com