GoPro Inc GPRO shares are trading lower by $0.66 (4 percent) at $11.28 in Friday's session. In after-hours trading, the issue plunged to $9.00 after it Q3 miss of $0.24 along with a huge $75 million miss for revenues.
However by the opening bell it had rebounded to the $10 area and bottomed in the first minute of trading at $9.90 and embarked on a monster rally.
So far, the ensuing rally has found resistance just ahead of the lower-end of Thursday's range ($11.82), peaking at $11.67.
Today's price action is taking place on much higher than average volume. With just over three hours remaining, 13 million shares have traded compared with its 20-day average of 6.38 million.
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