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GoPro gains lead area stocks – Silicon Valley


Sport-camera maker GoPro sees its shares rise almost 4 percent in the wake of a new pilot program for its Fusion camera.
GoPro spent Thursday going in the right direction, and the sport-action camera company’s shares ended the day with a gain of almost 4 percent, to close at $8.44.
The gains were especially notable when one remembers that GoPro shares have given up 21.5 percent this year.
The impetus for GoPro’s advance appeared to be continued enthusiasm for the company’s new Fusion camera, which lets users combine video from two cameras into a virtual reality or traditional image. GoPro is starting Fusion out in a pilot program, and gave the cameras to the Golden State Warriors and other organizations, as part of an effort to refine the device. It remains to be seen if GoPro will have the Fusion on store shelves in time for consumers to purchase during the Christmas shopping season.
Among other Bay Area stocks to rise Thursday, NetApp shares climbed 3 percent, to close at $41.38, Hewlett Packard Enterprise rose almost 2 percent, to $17.09, and Apple rose 1.4 percent to end the day at $147.77.
Chipmaker Advanced Micro Devices shares fell 5.3 percent to close at $13.53, with little fresh news about the company. Small losses also came from Tesla, Nvidia and Workday.
The tech-focused Nasdaq Composite Index rose 0.2 percent to 6,274.44, the blue chip Dow Jones Industrial Average edged up by 0.1 percent to 21,553.09, and the broad-based Standard & Poor’s 500 Index added 0.2 percent to end the day at 2,447.83.

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