Dear Valued Visitor,

We have noticed that you are using an ad blocker software.

Although advertisements on the web pages may degrade your experience, our business certainly depends on them and we can only keep providing you high-quality research based articles as long as we can display ads on our pages.

To view this article, you can disable your ad blocker and refresh this page or simply login.

We only allow registered users to use ad blockers. You can sign up for free by clicking here or you can login if you are already a member.

GoPro Inc (GPRO) Shares Boosted By JPMorgan Chase & Co. (JPM) Upgrade Despite An Overall Dull Market

GoPro Inc (NASDAQ:GPRO) has had a very successful year so far with stock price going up by more than 90% since its debut back in June. GoPro Inc (NASDAQ:GPRO) had hit its peak in the beginning of October, when the share prices went up by more than 200% and almost touched $100 mark. But since then the stock price has gone down consistently. Fox Business News Nicole Petallides reported on Fox Business that GoPro Inc (NASDAQ:GPRO) has been among the very few winners on Fridays trade.


Petallides reported that the overall index has gone down so much that it has been the worst week in Wall Street for almost 3 years. She reported that there were many sell off’s, which focused mainly on energy stocks due to plunging oil prices. She said that there were few winners including GoPro Inc (NASDAQ:GPRO).

“[…] We saw few winners, GoPro and Lululemon. GoPro got some positive comments from JPMorgan that was a winner about the holiday season and new products,” Petallides reported.

She reported that across the board it was new lows and lots of selling, inspite of some bright spots like GoPro Inc (NASDAQ:GPRO).

JPMorgan Chase & Co. (NYSE:JPM) has earlier upgraded GoPro Inc (NASDAQ:GPRO) from ‘Neutral’ to ‘Overweight’ rating, which prompted this change in fortunes for GoPro Inc (NASDAQ:GPRO). JPMorgan analysts see some positive catalyst to the company despite some upcoming lockup expiration on Dec 23.

GoPro Inc (NASDAQ:GPRO) has lost more than 20% since its secondary offerings, but the only uptrend the company has seen in the last month was on Friday, post the upgrade from JPMorgan.

Disclosure: None

Warren Buffett and BillionairesFree Report: Warren Buffett and 12 Billionaires Are Crazy About These 7 Stocks

Let Warren Buffett, David Einhorn, George Soros, and David Tepper WORK FOR YOU. If you want to beat the low cost index funds by an average of 6 percentage points per year look no further than Warren Buffett’s stock picks. That’s the margin Buffett’s stock picks outperformed the market since 2008. In this free report, Insider Monkey’s market beating research team identified 7 stocks Warren Buffett and 12 other billionaires are crazy about. CLICK HERE NOW for all the details.

Biotech Stock Alert - 20% Guaranteed Return in One Year

Hedge Funds and Insiders Are Piling Into

One of 2015's best hedge funds and two insiders snapped up shares of this medical device stock recently. We believe its transformative and disruptive device will storm the $3+ billion market and help it achieve 500%-1000% gains in 3 years.

Get your FREE REPORT and the details of our 20% return guarantee today.

Subscribe me to Insider Monkey's Free Daily Newsletter
This is a FREE report from Insider Monkey. Credit Card is NOT required.
Loading Comments...

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 102% in 3 years!! Wondering How?

Download a complete edition of our newsletter for free!