Why GoPro Stock Rocketed 36% Higher Today

Investors sure liked what they saw when peering through the viewfinder of (NASDAQ: GPRO) stock on Monday. Absent of any proprietary, share price-moving news, the company seemed to benefit from what appeared to be the latest meme stock rally.

With this considerable tailwind, GoPro shares closed the day almost 36% higher in price, numerous orders of magnitude better than the S 500's (SNPINDEX: ^GSPC) 0.4% drop.

GoPro is one of the latest crop of meme stocks, and as ever, that clutch of titles can rocket higher or plunge lower, depending on internet chatter.

Continue reading


Source Fool.com