3 Jul

Here’s What Impacted GoPro Stock in June

WRITTEN BY Aditya Raghunath

Stock rose 15% last month

GoPro (GPRO) stock rose 15% in June to close at $6.44. The stock is currently trading at $6.49, which is 47% above its 52-week low of $4.42 and 45% below its 52-week high of $11.89. GoPro has generated returns of -14% so far in 2018 after falling 13% in 2017. In the trailing 12 months, GoPro stock has risen 22%.

Here’s What Impacted GoPro Stock in June

New product lineup

GoPro stock has surged since the company announced its first-quarter results in May. It has been struggling with declining product sales for the last few months. It launched a camera priced at $199 and expects that product to drive revenue in fiscal 2018 and beyond. GoPro now has cameras priced at $199, $299, and $399 with an aim to target customers across segments.

GoPro’s HERO Camera is available for $199, while the HERO5 Black and the HERO 6 Black are available for $299 and $399, respectively. The company’s 360-degree Fusion camera is available for $699.

GoPro has claimed to be the number-one player in the action camera market. It has had the best-selling action camera in the United States for 17 consecutive quarters.

Latest articles

German chip maker Infineon Technologies has reportedly raised 1.55 billion euros (~$1.74 billion) in capital by selling its shares to fund its acquisition of Cypress Semiconductor (CY). Infineon has sold ~113 million new shares at 13.70 euros each.

As of June 18, Dunkin’ Brands (DNKN) was trading at $80.07, an 8.9% rise since reporting its first-quarter earnings on May 2. Also, DNKN was trading at a premium of 29.8% from its 52-week low of $61.69 and a discount of 1.6% from its 52-week high of $81.40.

19 Jun

Are Lower Oil Prices Weighing on ExxonMobil Stock?

WRITTEN BY Maitali Ramkumar

ExxonMobil (XOM) stock has fallen 7.1% in the second quarter so far. Let's review ExxonMobil's stock performance in comparison to oil price changes and equity market movements in the quarter.

19 Jun

As Facebook Unveils Libra, MSFT and CRM Join a Blockchain Group

WRITTEN BY Mayur Sontakke, CFA, FRM

On June 18, Facebook (FB) launched Libra, its own cryptocurrency. On the same day, CoinDesk published another piece of blockchain news that didn’t receive as much fanfare as Facebook’s Libra news. Was the timing a coincidence? We think not.

Uber Technologies (UBER) has picked Melbourne as another test site for its flying taxi service known as UberAir. The Australian city is the first international test site Uber has chosen for its flying taxi service. The addition of Melbourne brings the number of test locations Uber has picked for its UberAir service to three.

Lyft (LYFT) and Uber Technologies (UBER) are pushing back against California legislation that would require them to recognize their drivers as employees rather than independent contractors. The legislation would require companies like Lyft to give their drivers the compensation and benefits spelled out under California’s employment regulations.