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Why GoPro Stock Rocketed 36% Higher Today

TheMotleyFool

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Why GoPro Stock Rocketed 36% Higher Today: https://g.foolcdn.com/editorial/images/830842/happy-person-using-headphones-and-a-phone-while-lying-on-a-couch.jpg

Investors sure liked what they saw when peering through the viewfinder of (NASDAQ: GPRO) stock on Monday. Absent of any proprietary, share price-moving news, the company seemed to benefit from what appeared to be the latest meme stock rally.

With this considerable tailwind, GoPro shares closed the day almost 36% higher in price, numerous orders of magnitude better than the S 500's (SNPINDEX: ^GSPC) 0.4% drop.

GoPro is one of the latest crop of meme stocks, and as ever, that clutch of titles can rocket higher or plunge lower, depending on internet chatter.

Source Fool.com