GoPro, Inc. (GPRO - Free Report) closed the day, up 3% to $8.95 per share, after the company released its camera trade-up program.
The program offers customer of the California-based company to trade in their previous-generation GoPro HERO camera for a price reduction on the latest HERO5 Black or HERO5 Session. For a limited time starting April 11, users will be able to receive $100 off a new HERO5 Black and $50 off a HERO5 Session when they trade in their old GoPro camera through their Trade-Up website.
The trade-up program will “allow us to introduce existing customers to the modern GoPro experience and prepare our community for the new software enhancement ahead,” said GoPro’s chief operating officer CJ Prober.
The action camera maker hopes the program will stimulate public’s interest in the two products, as well as bring traffic to GoPro’s website. The company’s stock has been tumbling due to slow growth and new competitors who can offer competitive products at lower prices.
Shares of GoPro have been trading flat year-to-date. The company is focusing on its Karma products and hoping to revive its sales through the drone.
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It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
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GoPro, Inc. (GPRO - Free Report) closed the day, up 3% to $8.95 per share, after the company released its camera trade-up program.
The program offers customer of the California-based company to trade in their previous-generation GoPro HERO camera for a price reduction on the latest HERO5 Black or HERO5 Session. For a limited time starting April 11, users will be able to receive $100 off a new HERO5 Black and $50 off a HERO5 Session when they trade in their old GoPro camera through their Trade-Up website.
The trade-up program will “allow us to introduce existing customers to the modern GoPro experience and prepare our community for the new software enhancement ahead,” said GoPro’s chief operating officer CJ Prober.
The action camera maker hopes the program will stimulate public’s interest in the two products, as well as bring traffic to GoPro’s website. The company’s stock has been tumbling due to slow growth and new competitors who can offer competitive products at lower prices.
Shares of GoPro have been trading flat year-to-date. The company is focusing on its Karma products and hoping to revive its sales through the drone.
Stocks that Aren't in the News. Yet.
You are invited to download the full, up-to-the-minute list of 220 Zacks Rank #1 "Strong Buys" free of charge. Many of these companies are almost unheard of by the general public and just starting to get noticed by Wall Street. They have been pinpointed by the Zacks system that nearly tripled the market from 1988 through 2015 with a stellar average gain of +26% per year. See these high-potential stocks free >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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