Consumer Sector Update for 11/30/2016: GPRO


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Top Consumer Shares:

WMT: -0.1%

MCD: flat

DIS: flat

CVS: +0.6%

KO: +0.1%

GE: +0.6%

Consumer shares were mixed ahead of the opening bell on Wednesday.

In consumer stocks news, GoPro ( GPRO ) disclosed early Wednesday job cuts, a hiring freeze and division closure as part of a business restructuring that is aimed at achieving non-GAAP profitability by next year. This comes as the company recorded a "solid" holiday quarter sell-thru in the U.S. for its new HERO5 cameras.

Shares in the company were 2.8% higher at $10.10 pre-bell. The stock has traded between $8.62 and $20.50 over the past 52 weeks.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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This article appears in: Business , Commodities


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