GoPro Stock Is Now a Sale Bet as Q1 Losses Expose a Tighter Balance Sheet
GoPro has stopped trading like a simple action-camera turnaround. The more important story now is that its board has put the company in play, with strategic alternatives that may include a sale or merger. Reuters reported the news sent shares up more than 27% in after-hours trading Monday, even though the latest available market quote before Tuesday’s open still showed the stock near $1.32.
