GoPro jumps on the stock market following rumors of acquisition by Apple

GoPro had a crazy day this Thursday on the New York Stock Exchange; the share price of the on-board sports camera specialist rose in a few hours from 17.25 dollars to 19.56 dollars before ending at 18.83 dollars at the close. This buying frenzy was mainly due to the words of Daniel Ives, an analyst at FBR who considered the acquisition of GoPro by Apple in 2016 likely; it is a strategic acquisition "that makes sense" according to Ives who believes that "GoPro would fit like a glove in Apple's product catalog".

Before this thundering statement from a Wall-Street analyst, GoPro shares kept falling at high speed, falling in one year from 93 to around 24 dollars (which corresponds to a huge jump of 82%) . The market capitalization of GoPro is estimated today at 2.6 billion, a figure that should be compared to the 200 billion in cash held by Apple. With such a fortune, the Californian would only have to take a small bite to swallow the designer of the GoPro Hero camera wholeheartedly.

Purchasers of all stripes should still have kept their cool, and should now know that rumors of Apple takeovers are rarely verified...