Why GoPro (GPRO) Stock Is Still Rising

NEW YORK (TheStreet) -- Shares of GoPro Inc. (GPRO) are continuing to gain on Monday 8.75% to $38.89 following the company's successful IPO launch last Thursday.

On its first day of trading GoPro shares jumped 30.6%, closing at $31.34, the Financial Post reports.

GoPro makes wearable cameras used by extreme sports enthusiasts so they can record their feats and then post the videos online.

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GoPro is the U.S.'s first consumer electronics company to go public since Skullcandy Inc.  (SKUL) in 2011, Financial Post added.

GPRO Chart GPRO data by YCharts

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