GoPro Inc is an American technology company known for its innovative cameras and related accessories that cater to action sports enthusiasts and adventure seekers. The company designs and manufactures high-definition camera systems capable of capturing immersive video and photography, often in challenging environments. GoPro's products include compact and durable cameras, as well as software and applications that facilitate content editing, sharing, and storage. Additionally, GoPro has established a community platform that connects users, enabling them to showcase their unique experiences and content. Through its focus on user-generated content and cutting-edge technology, GoPro has solidified its position as a leader in the action camera market. Read More
A number of stocks jumped in the afternoon session after the latest Consumer Price Index (CPI) report came in largely as expected, reinforcing investor hopes for an upcoming Federal Reserve interest rate cut.
Most consumer discretionary businesses succeed or fail based on the broader economy. This volatility leads to big swings in stock prices that have worked in their favor recently -
over the past six months, the industry has returned 22.7% and beat the S&P 500 by 5.3 percentage points.
Shares of action camera company GoPro (NASDAQ:GPRO)
fell 5.9% in the morning session after it pulled back from a significant rally the previous day as news of a potential new competitor product emerged.
Shares of action camera company GoPro (NASDAQ:GPRO)
jumped 13.8% in the afternoon session after the company was caught up in a renewed surge of retail-driven “meme-stock” trading.
Shares of action camera company GoPro (NASDAQ:GPRO)
jumped 2.4% in the afternoon session after the stock staged a rebound from a sharp sell-off in the previous session. GoPro shares had fallen 7% on Tuesday amid a broader market downturn. The negative sentiment was fueled by profit-taking across major indices, renewed concerns about tariffs, and rising Treasury yields, which added pressure to equity valuations. The pre-market gain suggests that some investors may be viewing the prior day's significant drop as a buying opportunity, leading to a partial recovery of the recent losses.
A number of stocks fell in the afternoon session after the major indices continued to retreat (Nasdaq -1.5%, S&P 500 -1.2%) amid profit-taking and renewed concerns about tariffs.
Shares of action camera company GoPro (NASDAQ:GPRO)
fell 3.3% in the morning session after it gave back a portion of the previous day's massive gains as investor focus appeared to shift from product hype to the company's challenging financial performance.
Shares of GoPro are pulling back on Tuesday. The stock is down following a 30% surge on Monday that was driven by heavy trading and significant options activity.
Shares of action camera company GoPro (NASDAQ:GPRO)
jumped 35% in the afternoon session after investor excitement over its future product roadmap, which points to the release of several new cameras. Recent reports have outlined GoPro's plans for late 2025, which include the flagship Hero 14 and the GoPro Max 2, a 360-degree camera. Looking further ahead, the company is developing a dedicated vlogging camera for release as early as 2026. This new product appears designed to compete with popular DJI Pocket-style devices, a significant move as this category of camera has captured a large share of the video camera market in some regions. This product roadmap signals GoPro's intent to innovate and enter new, potentially lucrative market segments.
Shares of action camera company GoPro (NASDAQ:GPRO)
fell 10.8% in the afternoon session after investors took some profits off the table as markets awaited signals on future monetary policy from the Federal Reserve's Jackson Hole symposium later in the week. The downturn in the market was largely attributed to a significant sell-off in megacap tech and chipmaker shares. Nvidia, Advanced Micro Devices (AMD), and Broadcom all saw notable drops, dragging down the VanEck Semiconductor ETF. Other major tech-related companies like Tesla, Meta Platforms, and Netflix were also under pressure.
A key reason for this trend is that much of the recent market gains have been concentrated in the "AI trade," which includes these large technology and semiconductor companies. So this could also mean that some investors are locking in some gains ahead of more definitive feedback from the Fed.
GoPro’s second quarter saw continued revenue contraction and a wider-than-expected adjusted loss, with management citing headwinds from higher tariffs, increased competition, and cautious consumer spending on discretionary electronics. CEO Nicholas Woodman noted that efficiency efforts, including a 32% reduction in operating expenses, helped deliver the company’s highest gross margin since 2022 despite these challenges. The quarter also featured new hardware and software launches, and a focus on cost control to stabilize profitability.
