Business Magazine

GoPro Shares Advance Ahead Of Earnings

Posted on the 31 July 2014 by Phil's Stock World @philstockworld

GoPro Inc. is set to report second-quarter earnings after the closing bell this afternoon, the company’s first earnings release since its IPO. Shares in the name kicked off the trading session in negative territory amid a broad-based selloff in equities. Declines for GPRO shares were short-lived, however and the stock is currently up nearly 3.0% to trade at $47.58 and the highest level since July 1st as of 3:10 p.m. ET.

Options volume on the name is the second-highest ever for GPRO, with more than 40,000 contracts in play, or roughly twice the average daily level, as of the time of this writing. The record level of options traded in a single session for GoPro was 52,281 contracts on July 15th. Trading traffic in GPRO call options is outpacing that in puts, with the call/put ratio hovering near 1.55 in the final hour of the session.

Chart – GPRO shares touch highest since July 1st

GoPro Shares Advance Ahead Of Earnings


This article will become free after 48 hours (see below for free content). To read the rest of this article now, along with Phil's live intra-day comments, live trading ideas, Phil's market calls, additional member comments, and other members-only features - Subscribe to Phil's Stock World by clicking here.

Email This Post
 Email This Post  
GoPro Shares Advance Ahead Of Earnings
Twitter  
GoPro Shares Advance Ahead Of Earnings
LinkedIn
 
GoPro Shares Advance Ahead Of Earnings
del.icio.us   Google+  


Tags: GPRO

This entry was posted on Thursday, July 31st, 2014 at 3:23 pm and is filed under Uncategorized. You can leave a response, or trackback from your own site.

Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!

Back to Featured Articles on Logo Paperblog

Magazines