On Tuesday GoPro (NASDAQ:GPRO) traded with change of 0.78% on volume of 4095751 shares in the last session as compared to average volume of 4850046 shares. During last trade its minimum price was $3.69 and it gained highest price of $3.88. GPRO has total market capitalization of $601217757. Its closing value stands at $3.86.
On Dec. 03, 2019, GoPro (NASDAQ:GPRO) declared a strong Black Friday and Cyber Monday shopping period. The Company reported year-over-year sell-through growth of 30% based on available data from its larger U.S. retail partners and 20% based on available data from its European retail partners during the Black Friday week. In addition, GoPro.com achieved more than 120% year-over-year growth in total camera unit sales during the entire Black Friday / Cyber Monday period, where HERO8 Black sold at record levels, comprising more than 90% of total sales.
We planned for a big Black Friday and Cyber Monday, and according to the sell-through data from our large U.S. and European retail partners as well as our results on GoPro.com, we crushed it, said Nick Woodman, founder and CEO of GoPro. We’re very happy with how each of our products are selling-through so far this holiday. We believe the surge in demand we’re seeing positions us well for full year profitability in 2019 and continued revenue and earnings growth in 2020.
About GoPro (NASDAQ: GPRO)
GoPro helps the world celebrate and share itself in immersive and exciting ways.
GoPro, HERO and their respective logos are trademarks or registered trademarks of GoPro in the United States and other countries. All other trademarks are the property of their respective owners.
Ricardo Gardner joined the newsdegree.com, after more than 10 years of experience in writing financial and business news, most recently as Investment Editor and writer. He also has a vast knowledge of stock trading. He earned bachelor degree from Union College with a focus in Business Administration. Ricardo is the Senior Editor for newsdegree.com and market movers section. He also holds an MBA from Penn State University He has two daughter and two children.
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