Today’s Research Reports on Stocks to Watch: SSLJ.com and GoPro

NEW YORK, NY / ACCESSWIRE / July 30, 2018 / SSLJ.com exploded in Friday’s trading session on heavy trading volume. The explosive action wasn’t backed by any company news but the company did issue a statement to explain why the stock’s price may have seen volatility. Shares of GoPro were trading in the red with a loss of over 7% while the company too did not have any news to explain the activity.

RDI Initiates Coverage on:

SSLJ.com Limited
https://rdinvesting.com/news/?ticker=SSLJ

GoPro, Inc.
https://rdinvesting.com/news/?ticker=GPRO

SSLJ.com Limited shares closed up a staggering 126.78% on Friday and continued seeing an additional 10% in gains in after-hours trading. The shares of the Chinese company which provides vertically integrated online-to-offline (“O2O”) home improvement services and products had lost almost 85% of its value since the start of this month till Thursday close. The recent gains in stock price could be because the company issued a statement on Friday that read, “Leju Fortune, a peer to peer lending company controlled by Mr. Wei Zheng, the former CEO and Chairman of SSLJ, recently discontinued its operation and has received negative media coverage, which may have caused recent volatility in SSLJ’s stock price. SSLJ and Leju Fortune are two separate legal entities with distinct businesses and operations. The potential liquidation of Leju Fortune is expected to have no direct impact on SSLJ’s operations and financial results. Mr. Wei Zheng also has resigned from all of his positions at SSLJ.com Limited as previously disclosed on a press release as well as SEC fillings on July 12, 2018.” Despite the gains on Friday, the stock is still down 65% in last one month.

Access RDI’s SSLJ.com Limited Research Report at:
https://rdinvesting.com/news/?ticker=SSLJ

GoPro, Inc. shares were down 7.44% at the close on Friday with around 3 million shares traded. The camera maker saw a slight recovery in after-hours trading with a gain of 2.18%. The struggling company didn’t have any news to explain the fall. GoPro has been facing challenges with fourth quarter revenue falling 38.1% and first quarter revenue falling 7.4%. Earlier in the month the company announced that it had sold 30 million Hero cameras and 4 million Hero5 Black cameras. According to the company, the Hero5 Black is the best-selling GoPro after being launched in 2016’s fourth quarter. It reached the four million unit mark three months faster than the Hero4 Silver, which launched in 2014. “These sales milestones highlight consumers’ regard for GoPro,” said GoPro CEO Nicholas Woodman. “A huge thank you and Hi5 from all of GoPro to our customers around the globe. We’re very passionate about helping people share their lives in exciting ways and it’s so rewarding to receive such strong support.”

Access RDI’s GoPro, Inc. Research Report at:
https://rdinvesting.com/news/?ticker=GPRO

Our Actionable Research on SSLJ.com Limited (NASDAQ: SSLJ) and GoPro, Inc. (NASDAQ: GPRO) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and Nadia Noorani, a CFA® charter holder, has provided necessary guidance in preparing the document templates. RDInvesting.com is neither a registered broker-dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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SOURCE: RDInvesting.com

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