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2 New Stories GoPro Investors Should Be Aware Of

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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

 

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