GoPro Inc. (GPRO) Plunges 19.01%

GoPro Inc. (GPRO) Plunges 19.01%

GoPro Inc. (GPRO) had a rough trading day for Thursday October 03 as shares tumbled 19.01%, or a loss of $-0.975 per share, to close at $4.16. After opening the day at $4.24, shares of GoPro Inc. traded as high as $4.28 and as low as $3.80. Volume was 36.34 million shares over 79,043 trades, against an average daily volume of n/a shares and a total float of 154.12 million.

As a result of the decline, GoPro Inc. now has a market cap of $640.37 million. In the last year, shares of GoPro Inc. have traded between a range of $7.65 and $3.62, and its 50-day SMA is currently $n/a and 200-day SMA is $n/a.

GoPro Inc is a United States-based company that is principally engaged in designing and providing cameras, mounts, drones and appliances. The company outsources a part of manufacturing to third parties in China. The company sells products across the world through its direct sales channel, which generates over half of total revenue, and indirectly through its distribution channel. The company has presence, including in the Americas, Europe, Middle East, Africa, and Asia-Pacific, with the Americas contributing over half of total revenue.

GoPro Inc. is based out of San Mateo, CA and has some 891 employees. Its CEO is Nicholas Woodman.

GoPro Inc. is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

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