GoPro (GPRO) surged into the close on Friday and is now looking really good for a change. GPRO stock has been dropping like a rock over the last month as investors give up on the stock and take a big loss. Below $50, I actually really like GPRO vs hating it above $70.
GoPro (GPRO) will have two big events coming up which all shareholders and traders should pay attention to. First, earnings are due out on February 5, 2015 which should be positive. However, the next big event is the lock up expiration due on February 17, 2015. 76.1 million shares can potentially flood the market so expect some big selling before and on that day.
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