The Problem With GoPro’s Stock

QuotesAlthough it seems like GoPro may be doing well, shares are down. Today’s article explores four reason why that may be happening. Here’s what they had to say, “since then, good news has continued to follow the stock, with the maker of action cameras posting better-than-expected quarterly earnings in its first quarter as a public company. Last Thursday, its lead camera-technology supplier, Ambarella Inc. AMBA, +2.88% reported a stronger-than-expected quarterly sales jump of 43% on high Hero4 production. However, shares of GoPro are down 27.8% since hitting a record on Oct. 7, although they closed up modestly higher on Tuesday. Those of Ambarella are down 7.5% since Dec. 3.” To read more, CLICK HERE.

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