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GoPro Spikes 11% as Lumentum Eases and Coherent Holds Flat: Is This a Merger Trade or a Meme Trade?
Source: 247wallst.com
Market Technicals & FlowsInvestor Sentiment & PositioningTechnology & Innovation
GoPro shares rose 11% to $1.57 in late-morning trading Thursday, extending their gain to 124% over the past month. The sharp rally occurred despite the SPDR S&P 500 ETF Trust declining, indicating strong company-specific buying interest and a significant rerating in the action-camera maker.
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Overall Sentiment
strongly positive
Sentiment Score
0.55
Ticker Sentiment
GPRO0.72
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