Bulls got a little bit irritated by the fact that there’s red everywhere in the major stock markets, according to TheStreet. The GDP slowdown has brought Tesla Motors Inc (NASDAQ:TSLA)’s stock price to almost $227.2 a little more than 4% up to this point in the day. GoPro Inc (NASDAQ:GPRO) is doing even worse as it is close to a 9% dive throughout the day, close to the not so heroic value of $77.5, despite predictions that sales will bump as the holiday season approaches.
“Stocks on Wall Street are steadily falling. All the major markets are trading in the red. NASDAQ darlings GoPro and Tesla are sliding sharply to the downside. GoPro is dropping more than 8%, Tesla is down almost 5%,” informed Susannah Lee.
Tesla Motors Inc (NASDAQ:TSLA)’s most probably sliding because of Elon Musk’s declarations that the stock was trading too high and some suggest that it might head even lower as the curve crossed the resistance level set by the last 80 calendar days. As of GoPro Inc (NASDAQ:GPRO), there’s been numerous rumors claiming that its camera was the reason Michael Schumacher is currently in a coma. It’s fascinating how strong the media effects are on the way markets value stocks and it will be intriguing to find out if the racer’s family will go in court against GoPro Inc (NASDAQ:GPRO).
While Tesla Motors Inc (NASDAQ:TSLA) and GoPro Inc (NASDAQ:GPRO) struggle to get back on their feet, small companies like Lakeland Industries, Inc. (NASDAQ:LAKE) and Alpha Pro Tech, Ltd. (NYSEMKT:APT) enjoy a rise of about 17.2% and 20.5% for the current day and a cumulative gain in valuation of about 212% and 227% respectively. Well, it’s relatively easy to grow so in a month when you’re market cap is less than $200 million, but it’s still a huge accomplishment on their part.
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