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Why GoPro Stock Is Skyrocketing Today

TheMotleyFool

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Why GoPro Stock Is Skyrocketing Today: https://g.foolcdn.com/editorial/images/826296/gettyimages-2128269740.jpg

(NASDAQ: GPRO) stock is posting massive gains in Wednesday's trading. The action-camera specialist's share price was up 23% as of 12:45 p.m. ET and had been up as much as 73% earlier in the session.

Despite the huge rally for the stock, there's not any business-specific news pushing GoPro's valuation higher today. Instead, the company has recently gained favor as a meme-stock play -- and some investors are buying up shares in hopes of scoring big returns in a short period of time.

Image source: Getty Images.

Source Fool.com