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Checking in on GoPro Inc. (GPRO) after recent insiders movement

GoPro Inc.’s filing revealed that its SVP, Global Sales, CM, RE Jahnke Dean unloaded Company’s shares for reported $2745.0 on May 31 ’24. In the deal valued at $1.53 per share,1,794 shares were sold. As a result of this transaction, Jahnke Dean now holds 375,970 shares worth roughly $0.51 million.

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Then, MCGEE BRIAN sold 121,441 shares, generating $291,264 in total proceeds. Upon selling the shares at $2.40, the EVP, CFO and COO now owns 288,424 shares.

Before that, Jahnke Dean sold 27,849 shares. GoPro Inc. shares valued at $67,094 were divested by the SVP, Global Sales, CM, RE at a price of $2.41 per share. As a result of the transaction, Jahnke Dean now holds 267,651 shares, worth roughly $0.36 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 Tuesday, GoPro Inc. [NASDAQ:GPRO] saw its stock fall -2.88% to $1.35. Over the last five days, the stock has gained 3.05%. GoPro Inc. shares have fallen nearly -61.10% since the year began. Nevertheless, the stocks have fallen -67.39% over the past one year. While a 52-week high of $4.45 was reached on 01/02/24, a 52-week low of $1.28 was recorded on 06/27/24. SMA at 50 days reached $1.5750, while 200 days put it at $2.5358. A total of 1.66 million shares were traded, compared to the trading of 1.53 million shares in the previous session.

Levels Of Support And Resistance For GPRO Stock

The 24-hour chart illustrates a support level at 1.3147, which if violated will result in even more drops to 1.2794. On the upside, there is a resistance level at 1.3906. A further resistance level may holdings at 1.4312. The Relative Strength Index (RSI) on the 14-day chart is 40.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0074, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.50%. Stochastics%K at 26.67% indicates the stock is a holding.

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.

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