nice catch of a story. A charitable organization isn't about to hold on to such a volatile stock and given the put options are so expensive, it is very likely they will sell the shares instead of hedging. So the float will jump quite a bit, that is bearish for the stock.
well, technically the foundation must ask for permission to early termination of the restrictions, which was granted by JPM. Who can blame Woodman for trying to get out at the top?
i don't even use any of these things. Just ask recommendations from supply stores, family, friends and then check the contractor's previous jobs. End of story, done. Even the one person that I know used Angie list logged on from a friend's account. What a horrible business model. Worth nothing.
you might want to ask why the foundation is asking for an EARLY release from restrictions. Me thinks they think the top is in and want to sell over the next few weeks. And mind you, the investment guideline of a charitable trust is typically conservative and the fiduciary actions is typically biased towards conservative investment directives, hence owning too much GoPro casino stock is clearly a no-no, even if his name is Woodman.
no kidding, the company really got reamed on the IPO. One thing for sure is that these bankers have made so much money on the way up and they will make a lot more money on the way down. It might get to 100 before it comes tumbling though because the holiday season next quarter means more speculation on how hot the product is.
any product news that comes out on this stock would be a time to sell. Day traders and fund managers seeking exposure to hot wearable space has driven to this thing to nose bleed levels. Heading to earnings probably very volatile and not straight up anymore. Look for some nasty reversal late day sell off next week.
because that is the risk reward for this stock? up to 130 from here in short time frame? another 50% higher? who knows, but highly doubt it. Probably $70 before $100.
I think it is more like $13 billion+ if you take into account stock options. That is the real market cap, including all the stock options for mgmt.
everybody who is relevant in the market already expect these shares will be sold in the market starting tomorrow regardless of what the foundation says. They also know the timing of the announcement, suggesting the CEO believes the high is in the stock and he needs to move on it because come Dec. 140 million shares will be unlocked....don't be surprised to see 40's.
dream on, undoing what they did today after the shares whipsawed like this will feed the legal sharks even more ammunition to sue the company for the mess. And the fact is, tomorrow the shares are unrestricted - no time left. The charity could elect voluntarily not to sell but they aren't going to promise that in writing..guarantee you that...so the market is left believing worst case scenario - that the charity will sell. It is the only reasonable conclusion to make.
no, CNBC reporter promised they won't sell...they promise. The reporter said it like 100 times in the past 30 minutes...you have to trust her..
the fact that they have a press release shows how much concern now they have regarding the stock price. It is baloney. And they use the word "formally"....in other words, no promises - because they can sell "informally"...as in, not tell you. C'mon oldest trick in the book, word play to retail investors hoping to hang on.
based on 55 today, mr. fund manager wannabe. So what is your 37 and 47 based on? experience, knowledge and years of managing a losing portfolio?? stick to managing a hot dog stand.