GoPro stock enjoyed a brief rally last week following strong Black Friday sales.
But don't bet on a sustainable GoPro stock rebound.
Don't Bet on a GoPro Stock Rebound
In fact, the slump has already begun...
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GPRO
What's Next for the GoPro Stock Price After Q1 Earnings
GoPro Inc. (Nasdaq: GPRO) shares sank 7% to $9.81 Friday morning after disappointing Q1 2016 results, leaving investors asking what's next for the GoPro stock price after earnings.
We've been bearish on the stock for more than a year and see no reason to change our stance.
Why the GoPro Stock Price Has Further to Fall (Nasdaq: GPRO)
The GoPro stock price tanked another 8% in morning trading today (Friday), and the stock has now fallen more than 66% in the last two months.
GoPro Inc. (Nasdaq: GPRO) dipped to an all-time low of $20.77 per share today. GPRO is now down 13.5% from its IPO price of $24 from June 2014.
Here's why the stock will continue to fall from here...
Morgan Stanley Analysts Join Us on the GoPro Stock Bandwagon
On Tuesday, Morgan Stanley analysts cut their target price for GoPro stock. Millions of investors were surprised, and the stock got shellacked.
GoPro is a worse value trap now than ever, and any investor who gets sucked in now is playing with fire.
I know the temptation is to buy, but hold your ground. The company has always been on the "cusp of something great," and it's never delivered.
Should I Buy GoPro Stock (Nasdaq: GPRO)?
The GoPro stock price has fallen more than 51% since mid-June. For some stocks, such a plunge is actually a flashing "Buy" signal – shares trade at a bargain, and whatever drove the stock price down stops being a bearish factor.
So this means now many investors are asking us "should I buy GoPro stock?"
For the answer, we turned to Money Morning Chief Investment Strategist Keith Fitz-Gerald. He's a 34-year seasoned market analyst and professional trader with a specialty in global markets.
This "Pop" Stock Is One to Avoid
My friends were going camping recently and their bags looked like something from a space shuttle, with cords sticking out of nearly every pocket.
"What on earth have you got in there?" I asked.
A GoPro, chargers, mounting stands, waterproof containers… I tuned out the rest, to be honest.
Just like I tuned out GoPro's IPO, and will continue to ignore the stock for the foreseeable future.
GoPro Stock Options Debuted Monday - Here's How to Use Them
Yesterday (Monday), Money Morning Chief Investment Strategist Keith Fitz-Gerald appeared on FOX Business' "Varney & Co."to tell investors if they should gamble on GoPro stock options (Nasdaq: GPRO), which became eligible for trading yesterday with a strike price between $35 and $50.
GoPro (Nasdaq: GPRO) Stock Finally Pulls Back - What's Ahead After 15% Dip
GoPro Inc. (Nasdaq: GPRO) stock dipped nearly 15% today (Wednesday) from yesterday's closing price when shares fell to $41.53 shortly after 10 a.m.
This was the first pullback for GPRO stock since the company's IPO last Thursday. Through GPRO's first four days of trading, the stock had soared 103% from its initial offer price of $24. Shares jumped to $49.90 yesterday before closing at $48.80.
Is GoPro (Nasdaq: GPRO) Stock a "Buy" After 108% Gains?
GoPro Inc. (Nasdaq: GPRO) stock went public just last week, and it's soared 108% from its initial offer price after touching a high of $49.90 today (Tuesday).
That has retail investors wondering how they should play the fast-moving tech stock as it posts huge gains every day.
Money Morning's Defense and Tech Specialist Michael Robinson joined FOX Business' "Varney & Co." today and discussed how he would play GPRO stock now and what investors should expect moving forward…