Zumiez, GoPro Stocks Pop 20%
Good news on Thursday translated into major gains Friday morning for two beleaguered stocks. Zumiez, which reported a nice beat against guidance and a bullish forecast, was up nearly $3 and over $16. GoPro shares jumped the day before on the announcement that it was getting good response from its Hero6 and Fusion360 cameras and then managed to hold that gain Friday morning. On the other side of the ledger, American Outdoor Brands crashed 15% on its weak earnings report and bearish outlook.
These huge one-day swings in value indicate just how emotional the market has become about sporting goods stocks. ... Log in to view full article.