GoPro shares jump 11% amid merger buzz and retail buying despite no new news

GoPro's stock surged 11% to $1.57, continuing a 124% rise over the past month, driven by its planned merger with Starman Optical and a notable retail investor stake. Despite no new updates or changes in deal terms, speculative buying and a low stock price have fueled the rally. The merger, expected to close by year-end, offers GoPro shareholders $1.14 per share in cash plus a 10% stake in the combined company. Meanwhile, peers Coherent and Lumentum show mixed performance, reflecting different fundamentals in the AI-optical sector. Investors should watch for price adjustments as the deal closing approaches and be cautious of the stock's volatility.