Market Overview

2 New Stories GoPro Investors Should Be Aware Of

Related GPRO
IPOs Are Buzzy…But Do They Live Up to The Hype?
Twilio, The Hottest Stock Among Shorts
Related TASR
When Will Taser's Impressive Revenue Growth Translate To The Bottom Line?
Game Changer: Taser Adds The Power Of A.I. To Platform With New Acquisitions

GoPro Inc (NASDAQ: GPRO) was trading higher Thursday on little news, save a brief viral video from a camera accidentally dropped by a Swedish sky diver.

A police shooting in North Charleston, South Carolina, captured on a smartphone video, may have put investors in mind of GoPro's action cameras, but the company hasn't announced plans to target the law enforcement surveillance market.

TASER International, Inc. (NASDAQ: TASR) gained more than 8 percent Thursday, while the much smaller Digital Ally, Inc. (NASDAQ: DGLY) traded up about 11 percent.

Related Link: Taser Analyst Sees Stock Moving Significantly Higher

GoPro picked up 2.75 percent to $44.52.

GoPro cameras aren't designed for long periods of continuous recording and the company doesn't currently offer data storage services required by police customers.

Separately, Xiaomi, in a demonstration of marketing muscle, sold 2 million smartphones in a 12-hour, online sales promotion event in China.

Privately-held Xiaomi launched a consumer action camera last month that sells for about half the cost of GoPro devices.

Posted-In: GoPro XiaomiNews Events Movers


Related Articles (DGLY + GPRO)

View Comments and Join the Discussion!