GoPro stock enjoyed a brief rally last week following strong Black Friday sales.
But don't bet on a sustainable GoPro stock rebound.
GoPro stock enjoyed a brief rally last week following strong Black Friday sales.
But don't bet on a sustainable GoPro stock rebound.
In fact, the slump has already begun...
GoPro stock is down a crushing 18% to $9.85 today (Friday) on Q3 2016 earnings that have been called abysmal, horrific, and dismal.
We saw this GoPro stock price plunge coming.
The GoPro stock price jumped more than 6% intraday (Monday) to $16.44, bringing its weekly gain to nearly 20%.
But beware of this GoPro stock price rally. This is not a good time to buy into the surging GPRO stock price.
The GoPro stock price today (Tuesday) is up another 1.8% to $16.00 after the stock soared 11% on Monday.
Shares of GoPro stock now sit at a seven-month high as investors await the company's newest products.
Here's our recommendation for the GoPro stock price today...
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.
GoPro Inc. (Nasdaq: GPRO) shares surged 19% Wednesday, leaving investors asking if the GoPro stock rally is a buying opportunity.
We've been bearish on the GoPro stock price for months and remain so.
The GoPro stock price has plummeted over 69% over the last 12 months.
With poor earnings in Q4 2015 and a bleak outlook for Q1 2016, growth for the former technology innovator seems to be slowing down.
It's another terrible day for the GoPro stock price, as it's down more than 11% in intraday trading to an all-time low of $9.01.
The stock is falling after GoPro Inc. (Nasdaq: GPRO) reported a hefty loss in Q4 and low guidance for the rest of 2016.
And while those factors are sending the GoPro stock price lower today, there's an even bigger factor that will continue to pressure GPRO stock.
But first, here's a closer look at the terrible earnings figures...
GoPro stock is trading just above its all-time low today (Wednesday), opening at just $10.28 per share today. That's why many investors are contemplating buying into GoPro stock now that it is trading at such a "discount."
For the answer, we turned to Money Morning Chief Investment Strategist Keith Fitz-Gerald. He's a seasoned market analyst and professional trader with more than 30 years of global experience who has been following GoPro stock closely since the IPO.
But first, here's what to expect from the GoPro earnings report...
The GoPro stock price plunged more than 20% to an all-time low of $11.26 intraday Thursday and is now down more than 80% since mid-August. And the GoPro stock price drop doesn't look like it will end anytime soon.
Last Thursday, GoPro stock jumped 11.49% in a single session on rumors that Apple may buy the beleaguered tech darling, leading millions of investors to wonder if they should jump on the bandwagon, too.
In a word - nope. GoPro stock remains a risk you don't want or need in your portfolio ahead of a rate hike.
Here's what you want to buy instead...
An analyst's suggestion that Apple buying GoPro would fit the tech giant's strategic goals sent GPRO stock soaring 11.5% Thursday (yesterday).
It's a compelling idea, as Apple Inc. (Nasdaq: AAPL) certainly can afford a $2.5 billion to $3 billion deal to acquire GoPro Inc. (Nasdaq: GPRO).
The GoPro stock price climbed nearly 12% on Thursday, and that has many investors bullish on the future for GoPro Inc. (Nasdaq: GPRO) stock.
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...
Conventional wisdom is that "rising water raises all boats," but that's not always the case.
Despite October's market rebound, all four of the companies I told you were ripe for failure are down double digits since I brought them to your attention as stocks to short.
And these stocks still have plenty of downside ahead. Here's how to play the situation...
