Hot Stock Minute

GoPro options begin trading; King Digital upgraded; More drama for Lululemon and American Apparel founders

Here are some stocks the Yahoo Finance team will be watching for you today.

GoPro (GPRO) is expected to be active today as options on the shares begin trading this morning. The active-camera maker's shares were volatile last week, after doubling in its first four days of trading. The shares plunged Wednesday, tripping a Nasdaq circuit breaker, and slid further Thursday.

King Digital Entertainment (KING), the maker of Candy Crush Saga, surged in pre-market trading after Piper Jaffray upgraded the stock to "overweight" this morning. The game-maker has been volatile since its March IPO. Several analysts have issued more upbeat reports on the stock in recent weeks, despite initial concern the company is too dependent on Candy Crush.

Lululemon (LULU) is one of two retail dramas we're watching this morning after reports the athletic apparel maker may be looking to go private. Founder Dennis “Chip” Wilson has reportedly been in talks with private equity firms. Wilson stepped down as chairman and chief executive earlier this year. Any attempt to take the company private would face challenges, including topping the company's $6 billion market capitalization.

The second retail drama is American Apparel (APP) after reports the company is in talks with hedge fund Standard General about new funding that would allow it to pay off a $10 million loan to Lion Capital that came due when the company's board ousted its chairman and co-founder Dov Charney last month. Reportedly, all but one or two of American Apparel's board members would be replaced as part of the deal. It's not clear what role, if any, there would be for Charney who is still under investigation over alleged misconduct.

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