GoPro Stock Climbs On Virtual Reality Play, New Drone

Shares of GoPro Inc. jumped 5.5% in premarket trade Thursday following comments from the company's CEO at a ReCode conference Wednesday regarding the action camera maker's plans to get into virtual reality and drones. CEO Nick Woodman announced a six-camera attachment that would enable users to shoot 360-degree videos that could then be pieced into virtual reality segments using technology from Kolor, the virtual reality production company GoPro bought at the end of April, and viewed using third-party virtual reality googles, like Facebook Inc.'s Oculus or Microsoft Corp.'s HoloLens. The company also said it was building its own branded drone, expected to be available for purchased in the first half of next year, according to media reports. Shares of GoPro have risen 27% over the last 12 months and are up 5% to $55.95 premarket on Thursday.