GoPro Unlocked Early

Video camera company GoPro went public on June 26, 2014. Since the IPO, the company's stock has almost tripled. Like most companies, GoPro had a lockup provision that prevented insiders from selling shares until 180 days after the IPO. However, founders Nicholas and Jill Woodman broke the lockup on 5.8 million shares today. The unlocked shares will be used to provide initial funding for a new charity. On news of the unlocking, shares in GoPro have dropped more than 12 percent on the day.