Tesla, GoPro, KCG Holdings, and More: Here’s Why These Five Stocks Are Trending Today

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GoPro Inc (NASDAQ:GPRO) shares have popped over 8% in pre-market trading after the company said its first quarter sales would come in at the upper end of the previously guided $190-$210 million. In addition, management fully expects to be ‘EBITDA positive for full-year 2017’ and will eliminate around 270 positions to help with that objective. Despite today’s pop, shares of GoPro are still down year-to-date. 14 elite funds owned shares of GoPro Inc (NASDAQ:GPRO) at the end of the fourth quarter.

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High speed traders KCG Holdings, Inc. Class A (NYSE:KCG) and Virtu Financial Inc (NASDAQ:VIRT) are trending after Bloomberg reported that Virtu had offered to buy KCG for potentially as much as $1.3 billion in cash (that translates to a range of $18.50 to $20 per share). Later Virtu clarified that its offer was ‘a preliminary, non-binding proposal’ and that ‘there are no assurances that any transaction will result from this proposal and Virtu does not intend to make any additional comments regarding this matter at this time’. If the two merge, management presumably would be able to unlock substantial synergies. 14 and 13 funds (out of 742) tracked by Insider Monkey were long Virtu Financial Inc (NASDAQ:VIRT) and KCG Holdings, Inc. Class A (NYSE:KCG) at the end of Q4.

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Disclosure:None

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