GoPro's Stock Rallies Again, Approaches New Bull Market

Shares of GoPro Inc. rallied another 4.1% Wednesday, a day after a 180-lockup expiration put roughly 36.6 million shares up for sale from company insiders. The action camera maker's shares have risen 18.8% since closing at $53.90 on Friday. Shares have been trading at unusually high volumes this week as investors scoop up the fresh batch. If shares of GoPro close above $64.68, the stock would enter bull-market territory, representing a 20% gain off Friday's low of $93.85. Until this week, shares of GoPro had fallen 43% from a high of $93.85 reached on Oct. 7. Despite the typically slow Christmas Eve trading day, roughly 4.33 million shares of GoPro had exchanged hands as of 10:30 a.m., which is more than half of the stock's 30-day average volume.