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GoPro slows; Constellation Brands shines; Rackspace soars

Hot Stock Minute

Among the stocks the Yahoo Finance team will be watching today: GoPro (GPRO) . The stock slid for the first time since its IPO, falling sharply in early trading. Shares of the camera-maker are coming off gains of 103% in its first four days of trading since its debut Thursday at $24-dollars a share.

Shares of cloud service provider Rackspace Hosting (RAX) surged in early trading after TechCrunch reported that the company is considering taking itself private. Rackspace said in May it had hired bankers to explore its options, including partnering with or being acquired by another company.

Shares of Constellation Brands (STZ) shined in early trading. The company, whose brands include Corona beer and Robert Mondavi wines, reported earnings of $1.07 a share, blowing past analysts' estimates. Revenue also topped estimates driven by strong beer sales. The company also raised its full-year outlook.

Shares of Paychex (PAYX) fell in early trading after the company said current first quarter earnings growth would be between 6% and 8%. Analysts were expecting 8% earnings growth. After the close Tuesday, the company reported fourth quarter earnings and revenue that were in-line with estimates. Profits rose 18% from a year earlier thanks to strong growth in its payroll and human resource services businesses as it added more clients due to increased demand for HR outsourcing services.

And Google (GOOGL) acquired streaming music service Songza for an undisclosed amount. Songza has just over five million users, a fraction of rivals, like Pandora (P) and Spotify, each of which has tens of millions of users. Songza's technology uses factors like time of day and a listener's location to create custom playlists. The company's CEO said that technology could translate to other uses beyond music.

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