Market Overview

GoPro Shares Weak After Downgrade

Share:
GoPro Shares Weak After Downgrade

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.

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.

Posted-In: Technicals Intraday Update Movers Trading Ideas Best of Benzinga

 

Related Articles (GPRO)

View Comments and Join the Discussion!
Lightning Fast
Market News Service
$199 Free 14 Day Trial
Book A Demo
Learn How You Can Succeed In The Market With Benzinga Pro

Fastest Market News

Real-Time News Alerts

Customizable News Filters

Book A Demo

Expedia Left Behind By Trump Rally, Setting Up An Attractive Entry Point

Don't Blame Millennials For Being Terrible Employees