GoPro Inc.’s filing revealed that its EVP, CFO and COO MCGEE BRIAN unloaded Company’s shares for reported $0.29 million on Feb 16 ’24. In the deal valued at $2.40 per share,121,441 shares were sold. As a result of this transaction, MCGEE BRIAN now holds 288,424 shares worth roughly $0.51 million.
Then, Jahnke Dean sold 27,849 shares, generating $67,094 in total proceeds. Upon selling the shares at $2.41, the SVP, Global Sales, CM, RE now owns 267,651 shares.
Before that, Lafrades Charles sold 8,166 shares. GoPro Inc. shares valued at $19,692 were divested by the Chief Accounting Officer at a price of $2.41 per share. As a result of the transaction, Lafrades Charles now holds 92,989 shares, worth roughly $0.16 million.
Wedbush downgraded its GoPro Inc. [GPRO] rating to a Neutral from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who decreased its forecast for the stock in mid December from “an Equal-weight” to “an Underweight”. Oppenheimer also remained covering GPRO and has decreased its forecast on November 04, 2022 with a “Perform” recommendation from previously “an Outperform” rating. JP Morgan revised its rating on November 04, 2022. It rated GPRO as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of GPRO
On Monday, GoPro Inc. [NASDAQ:GPRO] saw its stock fall -3.30% to $1.76. Over the last five days, the stock has lost -14.56%. GoPro Inc. shares have fallen nearly -49.28% since the year began. Nevertheless, the stocks have fallen -63.10% over the past one year. While a 52-week high of $4.80 was reached on 01/02/24, a 52-week low of $1.80 was recorded on 04/15/24. SMA at 50 days reached $2.2912, while 200 days put it at $3.1614. A total of 2.23 million shares were traded, compared to the trading of 2.32 million shares in the previous session.
Levels Of Support And Resistance For GPRO Stock
The 24-hour chart illustrates a support level at 1.7233, which if violated will result in even more drops to 1.6867. On the upside, there is a resistance level at 1.8283. A further resistance level may holdings at 1.8967. The Relative Strength Index (RSI) on the 14-day chart is 22.79, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.2429, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.12%. Stochastics %K at 1.79% indicates the stock is a buying.
The most recent change occurred on February 28, 2022 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $12 price target.
