Boiler Room: The Official Stock Market Discussion

Domingo Halliburton

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Joseph Wolf at Barclays, who maintained an Equal Weight rating on the stock, wrote, "We have been struggling with GPRO's valuation since early September."

Yeah, no shyt. I've been struggling with it's valuation since it pricing for the IPO.

Wolf wrote: "We are fairly certain that a large percentage of the limited 20 million share free float is now owned by retail investors, not institutions."

Wolf added: "We do not expect any short-term fundamental misses and think expectations are reasonable. However, we believe the end of the IPO lock-up period for the stock on Dec 22 will dramatically increase the supply of stock and could place pressure on the share price."
 
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