6.73 +0.08 (1.20%)
After hours: 7:59PM EST
|Bid||6.65 x 1000|
|Ask||6.72 x 3000|
|Day's range||6.63 - 6.97|
|52-week range||2.00 - 8.82|
|Beta (5Y monthly)||1.21|
|PE ratio (TTM)||N/A|
|Earnings date||03 Feb 2021 - 08 Feb 2021|
|Forward dividend & yield||N/A (N/A)|
|1y target est||6.76|
NEW YORK, Nov. 21, 2020 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of (“GoPro” or the “Company”) GoPro, Inc. (NYSE: GPRO). Such investors are advised to contact Robert S. Willoughby at email@example.com or 888-476-6529, ext. 7980. The investigation concerns whether GoPro and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action]On November 18, 2020, GoPro issued a press release “announc[ing] that it proposes to offer $100.0 million aggregate principal amount of convertible senior notes due 2025 (the ‘notes’), subject to market conditions and other factors . . . in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act of 1933.” GoPro stated that the proceeds of the offering will be used for general corporate purposes and to cover the cost of certain capped call transactions which the Company would enter in connection with the notes pricing. On this news, GoPro’s stock price fell sharply during intraday trading on November 19, 2020.The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.CONTACT: Robert S. Willoughby Pomerantz LLP firstname.lastname@example.org 888-476-6529 ext. 7980
This will take the form of convertible notes, which could potentially be dilutive to existing shareholders.
Shares of outdoor action camera developer GoPro (NASDAQ: GPRO) slipped 14% as of the market close today. GoPro reported a decent third quarter earlier this month, with revenue more than doubling over the prior-year period. As of Sept. 30, 2020, GoPro reported long-term debt of $157 million.