Tuesday, January 10, 2017 7:58:11 PM
Shares of GoPro Inc (NASDAQ:GPRO) continue to languish near their all-time lows even with the stock market near all-time highs. While investors who have been holding the stock for months remain in pain, new buyers may be about to see a massive short squeeze. The stock is showing signs of large investor accumulation over the last week. Draw your attentiont to last week when the stock popped up through the daily 20 moving average, jumping from $8.65 to $9.50. This can be seen on the stock chart below. Then, note how the stock slowly came back to earth, but held the $9.00 level as well as stayed above the daily 20 moving average. In other words, there is a change going on here. It appears GoPro Inc no longer has enough sellers to hammer it down to its lows. The fact that it is holding above the 20 moving average is a sign of accumulation and leaves it wide open for a big players to run it hard, causing a short squeeze. I continue to hold GoPro Inc in my Verified Investing portfolio from a verified entry of $9.02. I expect this to surge as high as $12 in the near-term.
Recent GPRO News
- GoPro Announces First Quarter 2024 Earnings Webcast • PR Newswire (US) • 04/16/2024 08:15:00 PM
- GoPro Mountain Games Outdoor Festival Set to Kick off Summer in Picturesque Vail, Colorado • PR Newswire (US) • 04/09/2024 01:05:00 PM
- GoPro Returns to the Pinnacle of Motorcycle Racing as Title Sponsor of MotoGP™ Gran Premio GoPro de Aragon • PR Newswire (US) • 04/03/2024 01:15:00 PM
- GoPro and PADI Link Up on New Specialty Certification Program for Scuba Divers • PR Newswire (US) • 03/12/2024 01:15:00 PM
- GoPro to Present at Morgan Stanley Technology, Media & Telecom Conference • PR Newswire (US) • 02/21/2024 11:30:00 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/20/2024 09:07:26 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/20/2024 09:06:33 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/20/2024 09:04:15 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/20/2024 09:02:26 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/16/2024 10:45:32 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/16/2024 09:37:53 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/12/2024 09:02:53 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/12/2024 09:02:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/12/2024 09:01:42 PM
- Form S-8 - Securities to be offered to employees in employee benefit plans • Edgar (US Regulatory) • 02/09/2024 10:16:22 PM
- Form 10-K - Annual report [Section 13 and 15(d), not S-K Item 405] • Edgar (US Regulatory) • 02/09/2024 09:07:01 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 02/07/2024 09:09:14 PM
- GoPro Announces Fourth Quarter and 2023 Results • PR Newswire (US) • 02/07/2024 09:05:00 PM
- GoPro Releases Quik Desktop App for macOS + Introduces Premium+ Subscription Tier • PR Newswire (US) • 02/06/2024 02:15:00 PM
- GoPro Named Official Action Camera of X Games Elite Ski + Snowboard Competition • PR Newswire (US) • 01/25/2024 02:02:00 PM
- GoPro Named Official Camera of Freeride World Tour, the World's Biggest Freeride Ski and Snowboard Competition • PR Newswire (US) • 01/22/2024 02:05:00 PM
- GoPro to Acquire Forcite, Maker of Tech-Enabled Helmets • PR Newswire (US) • 01/16/2024 09:05:00 PM
- GoPro Announces $120,000 'GoPro Line of the Winter' Video Contest for Best Single-Clip Ski + Snowboard Videos • PR Newswire (US) • 01/15/2024 02:00:00 PM
- GoPro Announces Fourth Quarter and Full Year 2023 Earnings Webcast • PR Newswire (US) • 01/10/2024 09:15:00 PM
- GoPro Named Official Camera of Iconic Vans Pipe Masters Surf Contest • PR Newswire (US) • 12/08/2023 02:00:00 PM
Coinllectibles' Subsidiary, Grand Town Development Limited, Acquires Rare Song Dynasty Ceramics Worth Over USD28million • COSG • Apr 18, 2024 8:03 AM
ILUS Provides Form 10-K Filing Update • ILUS • Apr 17, 2024 9:54 AM
Glucotrack Announces Expansion of Its Continuous Glucose Monitoring Technology to Epidural Glucose Monitoring • GCTK • Apr 17, 2024 8:00 AM
Maybacks Global Entertainment To Fire Up 24 New Stations in Louisiana • AHRO • Apr 16, 2024 1:30 PM
Cannabix Technologies Begins Certification of Contactless Alcohol Breathalyzer, Re-Brands product series to Breath Logix • BLOZF • Apr 16, 2024 8:52 AM
Kona Gold Beverages, Inc. Acquires Surge Distribution LLC from Loud Beverage Group, Inc. (LBEV) • KGKG • Apr 16, 2024 8:30 AM