Analysts review GoPro Inc.’s rating

GoPro Inc.’s filing revealed that its EVP, CFO and COO MCGEE BRIAN unloaded Company’s shares for reported $33147.0 on Nov 16. In the deal valued at $3.49 per share,9,511 shares were sold. As a result of this transaction, MCGEE BRIAN now holds 379,809 shares worth roughly $1.17 million.

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Then, Saltman Eve T. sold 5,466 shares, generating $19,046 in total proceeds. Upon selling the shares at $3.48, the SVP, Corp/Bus Dev, CLO, Sec now owns 212,928 shares.

Before that, Lafrades Charles sold 7,571 shares. GoPro Inc. shares valued at $27,786 were divested by the Chief Accounting Officer at a price of $3.67 per share. As a result of the transaction, Lafrades Charles now holds 105,640 shares, worth roughly $0.33 million.

Morgan Stanley downgraded its GoPro Inc. [GPRO] rating to an Underweight from a an Equal-weight in a research note published on , December 12, 2023; the price target was decreased to $3 from $4.20.

Price Performance Review of GPRO

On Tuesday, GoPro Inc. [NASDAQ:GPRO] saw its stock fall -4.04% to $3.09. Over the last five days, the stock has lost -6.65%. GoPro Inc. shares have fallen nearly -10.95% since the year began. Nevertheless, the stocks have fallen -49.84% over the past one year. While a 52-week high of $6.57 was reached on 01/02/24, a 52-week low of $2.41 was recorded on 01/19/24. SMA at 50 days reached $3.42, while 200 days put it at $3.65. A total of 0.72 million shares were traded, compared to the trading of 0.62 million shares in the previous session.

Levels Of Support And Resistance For GPRO Stock

The 24-hour chart illustrates a support level at 3.06, which if violated will result in even more drops to 3.03. On the upside, there is a resistance level at 3.15. A further resistance level may holdings at 3.21. The Relative Strength Index (RSI) on the 14-day chart is 40.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.04, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.22%. Stochastics %K at 41.56% indicates the stock is a holding.

How much short interest is there in GoPro Inc.?

A steep rise in short interest was recorded in GoPro Inc. stocks on Jan 11, 2024, dropping by 80000.0 shares to a total of 6.72 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2023 was 6.8 million shares. There was a decline of -1.19%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 5.42% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.69.

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