Why Jim Cramer Thinks Investors Should Take Some Money Out of GoPro (GPRO) Now

NEW YORK (TheStreet) -- TheStreet's Jim Cramer has been waiting for GoPro  (GPRO) stock to trade around $100 and for the new iteration of the company's portable camera, the Hero4. The stock hit a new 52-week high at $96.54 on Tuesday on news of the Hero4's release.

Cramer says investors should not put any more new money into GoPro. In fact, he says shareholders should take some money off the table, otherwise he thinks they're "being plain greedy."

Cramer thinks we have already received all the good news about GoPro, and now we will start to hear about sales. He does not think the sales will be as impressive as investors would want because the whole upward move was based on big sales. Therefore, he says take some GoPro money off the table now and he does not think you will regret it.

Must Watch: Jim Cramer Says Take Some GoPro Money Off the Table Now

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GPRO Chart GPRO data by YCharts

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

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