Is There A Bottom In GoPro?

shares are trading lower by $1.77 at $19.10 in Wednesday's session. Piper Jaffray's Erinn Murphy is the ax in the stock today. Before the open, she maintained her Underweight rating, but reduced her price target from $20 to $15. Bears seized on the new and instigated a $1 lower open. The issue was only able to bounce $0.11 to $19.98 before another waver of sellers came in. The ensuing decline has taken the issue nearly $2 below its former all-time low $20.76, reaching $18.86. Since reaching that depressed level, it has rebounded and is attempting to remain in the $19 handle.

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