GoPro Inc GPRO shares are trading lower by $0.66 (6.8 percent) at $8.22 in Monday's session. This marks the second session in a row with negative analyst coverage on the issue.
On Friday, Citigroup initiated coverage with a dreaded Sell rating and $8.00 price target. That instigated a $0.43 decline from $9.27 to $8.84 on Friday.
On Monday, Goldman Sachs downgraded GoPro from Neutral to Sell. After a lower open, the stock couldn't even revisit the lower end of Friday's range ($8.77), peaking at $8.74 minutes after it opening print of $8.56.
The ensuing decline has easily surpassed its former all-time low from December at $8.54 as the current low for the day stands at $8.15.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
