Buying GoPro At Current Valuation Is Extreme Speculation

Action camera maker GoPro Inc. (NASDAQ: GPRO) traded more than 44 million shares on Thursday, its first day as a public company. Shares closed up nearly 31%, and the buying didn't slow down until near noon on Friday.


This morning GoPro went public, spiking sharply in early trading. Priced at the upper end of its range, $24 per share, GoPro quickly traded higher, reaching nearly $33 per share, according to a Google Finance chart.


Action camera maker GoPro Inc. (NASDAQ: GPRO) traded more than 44 million shares on Thursday, its first day as a public company. Shares closed up nearly 31%, and the buying didn't slow down until near noon on Friday.


Action camera maker GoPro Inc. (NASDAQ: GPRO) traded more than 44 million shares on Thursday, its first day as a public company. Shares closed up nearly 31%, and the buying didn't slow down until near noon on Friday.


GoPro CEO Nicholas Woodman has successfully pulled off alchemy by selling a gadget company stock as a media company to the investors. The alchemy is now worth about $3 billion out of the $3.86 billion valuation of the company. For comparison, take a 



Buying GoPro At Current Valuation Is Extreme Speculation

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