GoPro Inc GPRO shares are trading lower by $1.26 at $9.41 in Thursday's session.
Although the company posted a Q3 EPS beat of 13 cents along with a sales beat of $17 million, the Street is focusing on it much lower Q4 EPS guidance.
After a much lower open, GoPro rallied a few cents to $9.64 before continuing its move lower. The ensuing decline found support at $9.00 and began to rebound. That low comes in just below a pair of lows from Oct. 16 ($9.03) and Oct. 17 ($9.05).
Since making that low, GoPro worked its way back towards the high for the day but so far the rally has stalled at $9.55.
© 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.