Shares of GoPro (NASDAQ:GPRO) are up 11% to $1.57 in late-morning trading Thursday, extending a rerating that has lifted the action camera maker 124% over the past month. The SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is down 0.
GoPro stock GPRO has surged in recent sessions after the struggling action-camera maker announced a $285 million cash merger with Starman Optical, a privately held photonics company. Earlier, YouTube creator Mark Fischbach, better known as Markiplier, revealed an 8.5% stake in the company, making him the single largest stakeholder in the company.
Optical-photonics stocks are running Friday morning, along with a stock that's commonly associated with cameras and accessories, even as broad benchmarks slip. Notably, the SPDR S&P 500 ETF Trust (NYSEARCA:SPY) is down 0.33% to $770.
| Electronic Equipment, Instruments & Components Industry | Information Technology Sector | Nicholas D. Woodman CEO | LSE Exchange | 38268T103 CUSIP |
| US Country | 636 Employees | - Last Dividend | - Last Split | 26 Jun 2014 IPO Date |
GoPro, Inc., originally known as Woodman Labs, Inc., is a global company established in 2002 with its headquarters in San Mateo, California. Renowned for its innovation in the technology sector, GoPro specializes in developing and marketing high-quality cameras, mountable and wearable accessories, alongside a range of subscription services and software. Its international footprint spans the Americas, Europe, the Middle East, Africa, and the Asia Pacific region. Through its offerings, GoPro aims to enable consumers to capture, edit, and share their most adventurous moments in immersive, high-definition quality.
GoPro sells its products through various channels, including retailers, wholesale distributors, and directly to consumers via the GoPro.com website. With its innovative products and services, GoPro, Inc. continues to define the industry standard for action cameras and the capturing of life’s most dynamic moments.