Market Overview

Expert: GoPro Could Move 10% After Earnings

Related GPRO
Watch These 10 Huge Call Purchases In Wednesday Trade
Benzinga's Option Alert Recap From May 23

Want an edge on the markets? Try this.

Get real-time, award-winning market intelligence on indicators like the price of oil from a Macro Insider.

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

Mar 2017CitigroupUpgradesSellNeutral
Mar 2017Goldman SachsDowngradesNeutralSell
Mar 2017CitigroupInitiates Coverage OnSell

View More Analyst Ratings for GPRO
View the Latest Analyst Ratings

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

Posted-In: GoPro JJ KinahanAnalyst Color Previews Exclusives Analyst Ratings Trading Ideas Interview


Related Articles (GPRO)

View Comments and Join the Discussion!