Market Focus

GoPro

GoPro is shrinking the action camera. The company unveiled its new Hero 4 Session model, which is the size of an ice cube. It goes on sale July 12th and will cost $400. Share fell 1.5 percent to $50.94.

Weight Watchers 

Shares of Weight Watchers rose today on reports of a potential takeover. According to the New York Post, at least one unnamed suitor is interested in buying the company. The stock popped eight percent to $4.42.

Seritage Growth Properties

Seritage Growth Properties making its trading debut. This is a real estate investment trust created by the retailer Sears. The spinoff will receive an estimated $1.6 billion from its rights offering and will use the proceeds to buy more property and lease some of it back to Sears. Shares rose three percent to $37.10.

Advanced Micro Devices 

Advanced Micro Devices lowered its second quarter revenue guidance. The chip maker citing weak PC demand. Shares tumbled after the close, down as much as 13 percent. During the regular session the stock was off two percent to $2.47.

Amazon

Black Friday might have some competition. Amazon is launching its own version of the shopping holiday. On July 15th, the day before the online retailer turns 20 years old, it will host a big sale for prime members called Prime Day. Shares fell a fraction to $436.04.

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