GoPro Inc (GPRO) In Trouble On Ski Slopes And With Algo Traders

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Mark Melin
Published on
Updated on

GoPro Inc (NASDAQ:GPRO), the stock some professional investors love to hate, has been down sharply over the last four trading sessions as the company’s camera is implicated in a high profile ski accident involving Formula One driver Michael Schumacher. But that’s not the only problem. Hunsader notes quote blasts in GoPro stock The stock could be in the grips of short term algorithmic traders as well. While the track record might be too short to attract interest in medium and long term trend followers, significant quote activity in the stock was detected by high frequency trading reform advocate Eric Hunsader,…

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Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.