gopro investor
Production problems with Hero5 camera briefly scare GoPro investors
Late-stage production problems with GoPro Inc.'s newest camera briefly caused the company's shares to falter. GoPro's stock dipped from $11.94 at close Thursday to as low as $9.90 Friday before rebounding to $11.15 around 11:30 a.m. "Demand is very strong," said Anthony Bates, GoPro's president. "We just can't catch up to the forecasted demand and that's what you see reflected." The waterproof camera, which costs $399, has voice control and ultra-high definition video quality.