GoPro shares climbed over 44% on extremely high trading volume. Intense speculation regarding a potential company acquisition fueled the market activity.
Call option volume jumped 300% above the daily average on the previous day. This activity indicates traders are anticipating a significant near-term event.
The Board of Directors initiated a strategic review in May 2026. This process includes evaluating a potential sale of the company.
An August 11th update described the review as being in its later stages. The market anticipates an imminent conclusion to the process and a likely sale.