Investors sure liked what they saw when peering through the viewfinder of GoPro (NASDAQ: GPRO) stock on Monday. Absent of any proprietary, share price-moving news, the company seemed to benefit from what appeared to be the latest meme stock rally.
With this considerable tailwind, GoPro shares closed the day almost 36% higher in price, numerous orders of magnitude better than the S&P 500‘s (SNPINDEX: ^GSPC) 0.4% drop.
GoPro is one of the latest crop of meme stocks, and as ever, that clutch of titles can rocket higher or plunge lower, depending on internet chatter.