Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. GoPro Inc. shares valued at $2,745 were sold by Jahnke Dean on May 31 ’24. At $1.53 per share, Jahnke Dean sold 1,794 shares. The insider’s holdings dropped to 375,970 shares worth approximately $0.44 million following the completion of this transaction.
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Also, Lafrades Charles sold 8,166 shares, netting a total of over 19,692 in proceeds. Following the sale of shares at $2.41 each, the insider now holds 92,989 shares.
Before that, Jahnke Dean had sold 27,849 shares from its account. In a trade valued at $67,094, the SVP, Global Sales, CM, RE traded GoPro Inc. shares for $2.41 each. Upon closing the transaction, the insider’s holdings decreased to 27,849 shares, worth approximately $0.32 million.
As published in a research note from Wedbush on February 08, 2024, GoPro Inc. [GPRO] has been rated down from an Outperform to a Neutral and the price target has been revised to $2. Analysts at Morgan Stanley downgraded the stock from ‘”an Equal-weight”‘ to ‘”an Underweight”‘ outlook in a report released in mid December. As of November 04, 2022, Oppenheimer has decreased its “an Outperform” rating to a “Perform” for GPRO. Earlier on November 04, 2022, JP Morgan downgraded its rating. Their new recommendation was “a Neutral” for GPRO stock which previously was a “an Overweight”.
Analyzing GPRO Stock Performance
During the last five days, there has been a surge of approximately 1.72%. Over the course of the year, GoPro Inc. shares have dropped approximately -65.99%. Shares of the company reached a 52-week high of $3.5000 on 01/02/24 and a 52-week low of $1.1600 on 08/07/24. A 50-day SMA is recorded $1.4465, while a 200-day SMA reached $2.3067. Nevertheless, trading volume fell to 2.04 million shares from 1.88 million shares the previous day.
Support And Resistance Levels for GoPro Inc. (GPRO)
According to the 24-hour chart, there is a support level at 1.1367, which, if violated, would cause prices to drop to 1.0933. In the upper region, resistance lies at 1.2567. The next price resistance is at 1.3333. RSI (Relative Strength Index) is 33.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.1277, which suggests the price will decrease in the coming days. Percent R is at 95.74%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
