The shares of the action camera maker surged today by 4.69% to 56.18 in early afternoon on Monday.
On December 23, 2014 the 180-day lockup period will officially expire. According to analysts, GPRO is a strong buy because GOPRO Inc. has a lot of technology coming through the pipeline. Precursor to such optimism includes the stock rising nearly 80% since the IPO and hit an all-time high of $98.47 earlier this year.
Most remarkably for this year’s developments, the GoPro wireless remote control solutions and its seamless integration with mobile devices through their App, enable engaging self-capture during virtually any activity.
GoPro seeks to streamline the transferring of footage from their cameras to a proprietary system that organizes recorded content, and facilitates simply sharing and editing techniques.
Featured Image via GoPro
