GoPro is trading 6% up at $0.71 after disclosing a Nasdaq non-compliance notice regarding the exchange’s $1 minimum bid price requirement.
- The stock is rebounding modestly following the announcement, which grants the company a 180-day period to regain compliance by maintaining a closing bid price of at least $1.00 for ten consecutive business days.
- Broader market sentiment is providing additional tailwinds, with technology shares gaining as risk appetite improves on the back of lower oil prices and easing geopolitical tensions.