GoPro (GPRO) Stock Continues to Gain Today Following Post-IPO Lock-Up Expiration

NEW YORK (TheStreet) -- Shares of GoPro (GPRO) continue to rise today by 4.06% to $64.04 following the end of a 180-day post-IPO lockup period that ended yesterday.

After roughly 15 million new shares became eligible for sale on Tuesday, a total 13.41 million shares changed hands by the market close, higher than the 30-day average trading volume of 7.51 million shares. Since Monday, the stock has gained more than 18%.

Founder Nick Woodman's father, Dean Woodman, owns about 7.4 million shares valued at roughly $414 million from an initial investment of $200,000.

Exclusive Report: Jim Cramer's Best Stocks for 2015

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

Separately, analysts at Wedbush expect GoPro to exceed the high-end of its $550 million to $580 million revenue guidance for the fourth quarter.

The firm maintained its "outperform" rating with a $98 price target.

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.

More from Markets

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Video: You Could Live in a Ritz-Carlton or St. Regis Home

Video: You Could Live in a Ritz-Carlton or St. Regis Home