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Why GoPro Stock Surged 11% This Morning

TheMotleyFool

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Shares of action-camera maker GoPro (NASDAQ: GPRO) surged up more than 11% in early trading Tuesday, settling down to something more like a 4.1% gain as of 12:30 p.m. EDT.

The reason for the stock's rise is obvious. This morning, GoPro announced that it's about to unveil two new cameras for sale in time for the holiday season: a $399 HERO 8 Black that's 14% lighter than the previous HERO 7, and a $499 HERO Max that can record 360 degrees of 5.6K video.

Image source: Getty Images.

Source Fool.com

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