Jim Cramer Labels GoPro Stock Movements as 'Pumps and Dumps'

Reported 2 days ago

In a recent discussion, Jim Cramer expressed skepticism about GoPro, Inc. (GPRO), noting that its recent stock surge was misleading and could be classified as 'pump and dumps'. After a significant gain of 30% year-to-date fueled by a 97% spike in June, Cramer highlighted the company's struggles with product diversification and quarterly losses, suggesting that stronger investment opportunities lie in other sectors, particularly AI stocks.

Source: YAHOO

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