Though the Nasdaq closed down 1.8%, beaten-up and heavily-shorted GoPro (NASDAQ:GPRO) rallied today on volume of 15.1M shares, well above a 3-month daily average of 8.4M.
The gains followed news of a Microsoft patent licensing deal on Friday afternoon. They also came after Barron's, which has been issuing bearish columns on the action camera maker since 2014, published a somewhat less downbeat piece over the weekend. The paper once more highlights GoPro's sales pressures and voices skepticism about Apple M&A speculation, but also declares the company's $474M cash balance gives it "some financial cushion to regain its footing,"
Sony or Under Armour could make a bid.
Shares are now slightly above where they traded before GoPro provided light guidance last Wednesday. They're still down 39% YTD and 83% from the start of 2015.
My miail box ALERTS..
sony...UA......???????????????? coming soon?
a good fit......
so : o ))))))))))))...
will some TWTR Talent...............flee???
is $he watching????
HAHHAHAHAHAHhahahha GO ELLEN !
GO MEREDITH..................IN SHAPE........l@@k great ! too..
Sentiment: Strong Buy
HOW Many ? WENT to JAIL......MORTGAGE $candals?
people LOST their homes???
BANKS FINED.....................BILLION$ !!
oh well , that s over with..MOVE ON..
(Strong Buy) 1.0 - 5.0 (Sell)
Price Target Summary
Mean Target: 49.19
Median Target: 49.00
High Target: 81.00
Low Target: 29.00
No. of Brokers: 16
how do I $PEL ......$mart move ? $$$$$mart!
Sentiment: Strong Buy
tried a lot of COFFEEs...from TARGET...Costco..
I cant seem to like DNKN..
IVE never seen a shop in CALI...yet
zzzzzzzzzzzzzz we have thousands of INDEPENDENTS
11.40 - 24.38 SODA.....
rememba how HOT.............this COLD one was ??
caution light !
I PREFER the cans ..liters...NOT all the MIXING...and PAYING big to MIX...WHAT ??
November 17, 2015 — 11:30 Am
Keurig Green Mountain Inc. dropped to the lowest level in almost three years after Stifel Financial Corp. cuts its forecast for the company’s sales, citing reduced K-Cup volumes, lower prices on coffee brewers and weak demand for the new Kold soda maker.
The Waterbury, Vermont-based company slumped 9.1 percent, or $4.08, to $40.41 at 1:57 p.m. in New York, while the Standard & Poor’s 500 Index gained 0.3 percent. It touched $40.23, the lowest since January 2013. The beverage-pod maker had already fallen 66 percent this year as of the end of trading Monday.
Stifel analyst Mark Astrachan reduced his estimate for sales in fiscal 2016 and 2017 to declines of 7.8 percent and 7.2 percent, respectively. That’s down from the 2.1 percent and 5.4 percent drops previously forecast.
Keurig was forced to cut prices because of heightened competition and increasing availability of its products at Big Lots and T.J. Maxx for less than suggested retail, Astrachan wrote. Lukewarm reaction to the new Keurig Kold will also hurt results, he said in a note Monday.