Why GoPro, Weight Watchers International, and Boingo Wireless Jumped Today
The stock market continued its string of relatively calm days, with major benchmarks posting modest gains that were good enough to send the Dow Jones Industrials to yet another record closing high. The latest reading on the employment front from the Labor Department showed 209,000 new jobs created in the U.S. during July, and the unemployment rate dropped to 4.3%. Investors took that news in stride, but they also noted the amazing lack of volatility in the market, as the S&P 500 has now gone longer without a day in which it rose 1% or more than at any time in 10 years, having last seen a big move up in late April. That didn't stop some individual stocks from posting large gains, and GoPro (NASDAQ: GPRO), Weight Watchers International (NYSE: WTW), and Boingo Wireless (NASDAQ: WIFI) were among the best performers on the day. Below, we'll look more closely at these stocks to tell you why they did so well.
Shares of GoPro ended the day 19% higher after the maker of drones and camera equipment for extreme sports released its second-quarter financial report. The company said that revenue jumped by more than a third on strong demand for its cameras, and the Karma drone was the No. 2 best-seller in the U.S. market during the period. GoPro still lost money, but its adjusted net loss was only about half what investors had expected to see and narrowed by more than 80% from the year-ago period. Solid guidance from the company also made shareholders happy, and those following the camera specialist now believe that GoPro's turnaround efforts have a much greater chance of eventual long-term success.
Image source: GoPro.
Source: Fool.com
Weight Watchers International Stock
With 18 Buy predictions and only 1 Sell predictions the community sentiment for the stock is positive.
Based on the current price of 34.15 € the target price of 283 € shows a potential of 728.82% for Weight Watchers International which would more than double the current price.
