GoPro hits 52-week low; Taylor Swift hooks up with Glu Mobile; CBS soars on Redstone resignation

Here are some of the stocks the Yahoo Finance team will be watching for you today.  

GoPro (GPRO) hit a 52-week low in early trading. The wearable camera maker warned of weaker-than-expected sales in its current quarter after swinging to a loss in its holiday quarter. Revenue also missed estimates with sales falling 31% from a year earlier. 

Viacom's (VIA) board looks set to replace media mogul Sumner Redstone as chairman when it meets today. This comes after CBS (CBS) announced Redstone was resigning as chairman and that CBS CEO Leslie Moonves will be taking his place.

Credit Suisse (CS), Switzerland's second largest bank, posted its first annual loss since the financial crisis after writing down the value of its investment banking business. The company also said it's stepping up its cost-cutting efforts and slashing 4,000 jobs.

Get the Latest Market Data and News with the Yahoo Finance App

ConocoPhillips (COP) is the latest casualty of falling oil prices. The largest U.S. independent oil and gas company reported a much-bigger-than-expected loss of $3.5 billion for the fourth quarter and slashed its dividend and capital spending. The company did not disclose sales figures for the quarter or the full year. 

Glu Mobile (GLUU), the company behind the popular "Kim Kardashian: Hollywood Game," is now teaming up with Taylor Swift in an exclusive multi-year deal to develop a mobile game for the mega pop star. Glu Mobile said the game will be released later this year, but didn't provide any more details.

Advertisement