GoPro Inc. (GPRO)’s Options Spark Interest at Launch

In a discussion on the IPO market, CNBC’s ‘Squawk on the Street’ team discussed the IPO of GoPro Inc. (NASDAQ:GPRO). The team discussed on the activity on the market after the GoPro Inc. (NASDAQ:GPRO) IPO since the company got listed on the NASDAQ on June 26, 2014.

 GoPro

“We had a bit of a lull after King (IPO of King Digital Entertainment PLC (NYSE:KING)) at least to a certain extent it seemed, but with this (GoPro) deal in particular, animal spirits are back,” CNBC’s David Faber said.

“I just find it funny that in a market that is starved for volatility, volatility at a seven year low, this stock (GoPro) has plenty of it,” CNBC’s Sara Eisen added.

Eisen also mentioned that since five days after the IPO of GoPro Inc. (NASDAQ:GPRO) on an average 38 million GoPro shares have been traded. According to her, this heavy trading in the GoPro Inc. (NASDAQ:GPRO) stock puts it in the ranks of stock like Apple Inc. (NASDAQ:AAPL), Facebook Inc. (NASDAQ:FB), etc. in terms of stock market activity.

Eisen also noted the fact that increasing activity can be seen in the market for GoPro Inc. (NASDAQ:GPRO) due to the introduction of GoPro options on July 7, 2014.

Commenting on the free float market capitalization of recent IPO’s including GoPro, Faber said “just how little of it is actually out trading and that has been typical of so many of the offerings that we have seen in this robust IPO period, where they are selling slivers really. So you just created demand imbalance when there is that. But, with those lockups, I think many people underestimated the power that would have on the downside for Twitter for example, when that lockup period expired.”

The GoPro Inc. (NASDAQ:GPRO)’s stock which currently trades at around $42 is near the double of the price at which it was offered i.e. $24 per share and as Faber noted, the stock has a lock up period which expires on December 26, 2014 and as seen in the case of stocks like Twitter Inc. (NYSE:TWTR) the expiry of a lock up period results in heavy selling of shares and hence investors need to be careful of such a situation in the case of GoPro.

Disclosure: none

Dividend Stock Alert - Billionaire Robbins' Top Dividend Idea With 70% Upside Potential

Get Paid 3.5% Per Year While Waiting For The Stock Appreciate 70%

Larry Robbins' Glenview Capital Opportunity Fund returned 101.7% in 2013 and Robbins personally made $750 million. The same fund returned 25.3% in 2014. In this FREE REPORT we will share Robbins' top dividend idea that yields 3.5% and has been increasing its dividends for 39 consecutive years. Robbins thinks the stock has the potential to appreciate 70%.

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Click here to Read Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 74 percentage points in 2.5 years. Our beta is only 1.2 (download a FREE newsletter and see the details inside)

Lists

Best Selling Magazines in the World

Shortest People in History

The Most Celebrated Holidays in the World

Most Expensive Handbag Brands in the World

Top Selling Comic Book Issues of this Century

The Most Powerful Women in Politics

Best Paid DJs

Most Rebellious Female Artists

Best Paid TV Actresses of 2014

Best Paid Actors of 2014

Most Expensive Horses in the World

Tallest People Ever

Most Encouraging Feminist Celebrities

Best Paid Supermodels of 2014

Top 10 Suburbs for Retirement in 2015

10 Wealthiest Cities in America

Top 10 TED Talks for Entrepreneurs

Best TED Talks on Education

25 Most Dangerous Places to Live in America

Top 10 Ski Resorts in the United States – 2014 List

Top 10 Most Remote Places in the World

Most Visited Museums in the United States

Wealthiest Photographers in the World

Most Famous Gay Athletes

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Subscribe

Enter your email:

Delivered by FeedBurner

X

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 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!