GoPro Stock Has Doubled From Its IPO Price

 By 
Seth Fiegerman
 on 
GoPro Stock Has Doubled From Its IPO Price
GoPro's CEO Nick Woodman holds a GoPro camera in his mouth as he celebrates his company's IPO at the Nasdaq MarketSite in New York, Thursday, June 26, 2014. Credit: Seth Wenig

GoPro's stock keeps going up.

GoPro hit $48 a share in early trading Tuesday, a gain of 18% on the day and double its IPO price from less than a week earlier.

The wearable camera maker went public on Thursday at $24 a share and ended the day up more than 30% at $31.34 a share. The company's stock has experienced double-digit percentage gains in each trading day since then.

[img src="http://media.ycharts.com/charts/4d5489a1d7e31c23f634d9aeefa9bc74.png" caption="" credit="" alt="GPRO Price Chart"]GPRO Price data by YCharts

Charlie Anderson, an analyst with Dougherty & Co., rated GoPro's stock a buy shortly before it went public, citing the value of its brand and its potential to become more of a media company.

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