GoPro Surrenders Some Early Gains After Upgrade

GoPro Inc GPRO shares are trading higher by 7 cents at $8.18 in Monday's session.

Before the open, analysts at Morgan Stanley upgraded the stock from Underweight to Equal-Weight. That represents the latest analyst move in the forgotten high-flier since Citgroup upgraded the stock from Sell to Neutral on March 16.

After a higher open, GoPro found sellers just ahead of the pair of highs from July 13 ($8.49) and July 14 ($8.44), only reaching $8.39, and then reversed course. It has continued to make new lows for the session and is attempting to build support at the top of Friday's range ($8.13) and $8.14 stands as the low for the session as of 10:50 a.m. EST.