Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. GoPro Inc shares valued at $276,288 were sold by Lurie Alexander J on Nov 14 ’24. At $1.26 per share, Lurie Alexander J sold 219,120 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Lurie Alexander J sold 61,268 shares, netting a total of over 82,804 in proceeds. Following the sale of shares at $1.35 each, the insider now holds 219,120 shares.
Before that, Alexander J. Lurie had added 280,388 shares to its account. In a trade valued at $398,151, the Director bought GoPro Inc shares for $1.42 each.
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 drop of approximately -4.00%. Over the course of the year, GoPro Inc shares have dropped approximately -65.42%. Shares of the company reached a 52-week high of $3.5000 on 01/02/24 and a 52-week low of $1.1200 on 11/20/24. A 50-day SMA is recorded $1.3302, while a 200-day SMA reached $1.6225. Nevertheless, trading volume fell to 3.45 million shares from 2.52 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 1.1467, which, if violated, would cause prices to drop to 1.0933. In the upper region, resistance lies at 1.2367. The next price resistance is at 1.2733. RSI (Relative Strength Index) is 42.25 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.1781, which suggests the price will decrease in the coming days. Percent R is at 85.96%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
