GoPro Shares Are Exploding Higher

Shares of the wearable camera company were up more than 20% in mid-morning trade, a move that follows yesterday's 30% advance.

On Wednesday night, shares of GoPro priced at $24 in their initial public offering. Yesterday, they closed above $31, and of about 10:40 on Friday morning, the stock was trading above $38.

As we noted when the company filed for its IPO in April, GoPro is profitable, and revenues have grown steadily since 2012.

After a strong debut, it seems investors still want a piece of the company on day two.