GoPro stock price forecast as the meme hype resumes
GoPro stock price has rebounded in the past few months, surging from a low of $0.4015 to the current $1.72. These gains accelerated on Monday as the stock jumped by 15%. This article explores why the GPRO stock has jumped recently and what to expect in the coming weeks.
Why GoPro stock price is rising
GoPro is an American company that introduced the concept of action cameras in the industry. After experiencing robust demand earlier on, GoPro has become a fallen angel as demand for its cameras waned.
GPRO stock price has jumped in the past few months, not because of the strength of its business, but because of its high short interest and popularity among retail investors.
GPRO shares also jumped due to a situation known as a short squeeze….
