GoPro Shares Continue To Sink

Shares of GoPro Inc GPRO closed Friday at $71.91, down 9.15 percent. The drop came amid an Underperform initiation from Oppenheimer. The firm's reasons for the rating included shrinking growth outlook, unrealistic expectations and the current valuation.

It appears the Street is in agreement with Oppenheimer, as shares of GoPro have continued to fall and were down more than 6 percent in Monday's premarket.

This big move down may signify an attempt to get out of the stock before the company reports its third quarter earnings results after the close on October 30.