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.
It has been a wild week for GoPro's stock. Over the past five days alone, shares in GoPro, Inc. (Nasdaq: GPRO) are up more than 183%.
GoPro announced it would merge with Starman Optical, a private photonics company. The company will move into AI data center and defense markets.
Although GoPro, Inc. (NASDAQ: GPRO) stock rallied by more than 78% over the past two days, Erik Woodring, a Wall Street analyst at Morgan Stanley (NYSE: MS) signaled further downside for this company over the next 12 months.
GoPro Inc (NASDAQ:GPRO) said on Tuesday it has agreed to merge with optical-photonics company Starman Optical in a $285 million recapitalization deal that will see Starman acquire a 90% stake in the combined business. Under the terms of the deal, GoPro shareholders will receive about $1.14 per share in cash and retain roughly 10% of the combined company.
GoPro Inc (NASDAQ:GPRO) stock is up 72.3% at $1.51, extending its two-day surge after Markiplier disclosed an 8.5% stake worth $9 million.
GoPro (NASDAQ:GPRO) is back in focus this morning as the Markiplier stake disclosure that surfaced Monday extends into a second day of aggressive buying. Shares are up 78% to $1.
Shares in GoPro Inc. (Nasdaq: GPRO) jumped yesterday and are again up significantly in premarket trading today after it was revealed that the megastar YouTuber Markiplier has become the largest individual shareholder in the struggling action camera maker.
Examine GoPro's (GPRO) international revenue patterns and their implications on Wall Street's forecasts and the prospective trajectory of the stock.
GoPro, Inc. (GPRO) Q2 2026 Earnings Call Transcript