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Expert: GoPro Could Move 10% After Earnings

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Speaking to Benzinga, TD Ameritrade Chief Strategist JJ Kinahan said that GoPro Inc (NASDAQ: GPRO) looks interesting ahead of earnings.

“We’re seeing bullish activity, particularly earlier this week on the February monthly $55 line,” Kinahan said, adding that there was more activity in the weekly $53.5 line on Wednesday.

There was about twice the normal call activity in GoPro, he explained. The stock is expected to move close to 10 percent (up or down) based on options activity.

Worth noting: He did mention that GoPro options activity doesn’t have as much volume as other stocks like Twitter.

GoPro is trading down nearly 5 percent this Wednesday, one day before earnings.

Brianna Valleskey contributed to this report. 

Latest Ratings for GPRO

DateFirmActionFromTo
Jan 2017Longbow ResearchDowngradesNeutralUnderperform
Nov 2016WedbushDowngradesOutperformNeutral
Nov 2016Raymond JamesDowngradesOutperformMarket Perform

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The following article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.

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