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GoPro Stock Gains on Restructuring, Holiday Demand

GoPro (GPRO) stock was up 3.46% to $10.17 in pre-market trading on Wednesday after announcing that it will reduce its workforce by 15% as part of a company-wide restructuring amid heightened competition from the likes of Apple (AAPL) and Samsung (SSNLF) .

The action-camera maker will lay off 200 employees, close its entertainment division and reduce facilities in an effort to cut 2017 non-GAAP operating expenses to approximately $650...