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GoPro Stock Gained as Manufacturing Move Eased Trade Fears

David Marino-Nachison

One example: The latest action in shares of action camera maker (GPRO) shares of which rose 11% on Tuesday. One reason seems to be a Monday news release, in which GoPro (ticker: GRPO) said cameras bound for the U.S. will be made in Mexico starting next month, while ones headed elsewhere will stay in China. The Mexico bit, in particular, was announced in February, and management said then that it hoped the change would also improve supply-chain efficiency and generate modest savings.