GoPro Inc (NASDAQ: GPRO) shares are trading lower by $0.25 (3 percent) at $9.10 in Friday's session.
The catalyst for the decline is a downgrade from Longbow Research, who lowered its rating from Neural to Underperform and announced a $7.00 price target.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
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27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
After a lower open, it could not reclaim Thursday's closing price of $9.35, peaking at $9.25. Since making that high, it has drifted lower with $9.00 as the current low. If the decline continues, there may be additional support at Wednesday's low ($8.78).
There is also a trio of lows at the $8.70 area from December 29, 30 and January 3.