GoPro Stock Rose on Acquisition News
Shares of consumer technology company GoPro (GPRO) rose 7.8% in the week that ended on April 13, 2018, to close at $5.26. GoPro stock rose 8% on April 13, 2018, after several websites reported that it might be acquired by China’s (FXI) Xiaomi. GoPro’s CEO, Nicholas Woodman, stated that the company was open to an acquisition and had hired JPMorgan (JPM) to look for potential buyers.