The GoPro price per share at launch was $24 last week and this increased to over $31, although since then we’ve seen the stock go even higher with a few analysts offering warnings. The GoPro share price is up again today with a figure currently at $37.50, at the time of writing, which is an increase so far of just under 5 percent today.
With an initial increase of more than 30 percent at the close of business on the first day of GoPro trading, and some people claim the stock ticker symbol is more sought-after than the action cameras. This early result reveals what seems to be total success for Nicholas Woodman, GoPro’s CEO, and some would say the result meets their predictions considering the popularity of the company and this is also seen with over 500m views on YouTube.
The future of GoPro could include much more than action cameras and in fact, you might see ad revenue collected from a media platform after moving from technology to media markets.
Risk – those of our readers understanding the risk with GoPro stock will know about their competitors, which include some bigger players with more resources to allow these brands to compete even better against GoPro if they needed to. If this happens, you could see a loss in GoPro market share.
You can see the current GPRO stock price right here on Yahoo with charts by day and week. We took a quick screenshot of the Nasdaq real time price seen above, although head through the link for the current price.