GoPro (GPRO) Stock Jumps 128% After YouTube Star Markiplier Discloses 8.5% Stake
TLDR
- YouTuber Mark Fischbach (Markiplier) acquired an 8.5% stake in GoPro, making him the largest individual shareholder
- GPRO rose 46% during regular trading on August 31, then gained a further 55% in after-hours to reach $1.37
- The stock surge pushes GPRO back above Nasdaq’s $1 minimum listing threshold, potentially saving it from delisting
- GoPro reported Q2 revenue of $105 million, down 31.3% year over year, with camera sales falling 38%
- Analysts maintain a consensus “strong sell” rating with an average price target of $0.50
GoPro’s stock exploded on August 31 after Bloomberg reported that YouTuber Mark Fischbach, known online as Markiplier, had quietly built up an 8.5% stake in the company. That makes him GoPro’s largest individual shareholder.
GPRO ended the trading day up 46.01%, reaching 87 cents per share. After-hours trading pushed it even further, with the stock hitting $1.37, a gain of more than 128% combined on the day. By premarket the following morning, GPRO was up another 93%, trading above $1.69.
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