GoPro (NASDAQ:GPRO) has seen its stock rise over 70% in 2019 as the company works to recover from several disastrous years, including a failed attempt to enter the consumer drone market. In the past week, GoPro stock has notched impressive gains after better than expected Q1 financials and news the company was moving U.S.-bound camera production out of China to avoid tariffs.
The China move was exciting for investors, however drones have come back to bite GoPro. Specifically, DJI the Chinese company that dominates the consumer drone market. Looking to expand beyond drones, on Wednesday DJI launched its own Osmo Action camera.
It’s priced lower than GoPro’s flagship HERO7 Black, it’s doing very well in reviews and outlets like The Verge are warning “... read more at: https://investorplace.com/2019/05/osmo-action-gopro-stock-turnaround/