GoPro Inc (NASDAQ: GPRO) shares are trading lower by 7% to $2.94 Thursday afternoon, pulling back following Wednesday's strength, after the reported better-than-expected third-quarter financial results.
GoPro Inc (NASDAQ: GPRO) shares are trading higher by 14% to $3.06 Wednesday morning after the reported better-than-expected third-quarter financial results.
What Happened?
U.S. stocks traded mostly lower, with the Nasdaq Composite falling around 20 points on Wednesday. Here are some big stocks recording gains in today’s session.
Stock futures indicate a subdued opening on Wednesday after several consecutive gains in major averages. Traders are eagerly awaiting Federal Reserve Chair Jerome Powell’s speech for insights into possible rate cuts. Media earnings, including Walt Disney Co.
Sentiment appears to have dipped after a six-session winning streak. Stock futures indicate a modestly lower opening on Tuesday as small and mid-cap earnings reports gain momentum.
GoPro, Inc. (NASDAQ:GPRO) today announced that its subscription service surpassed 2.5 million subscribers at the end of Q3, growing 20% year-over-year."GoPro's subscription service is core to our strategy to provide a