GoPro (GPRO) Shares Plunge Below IPO Price

GoPro Inc (GPRO) shares are trading lower by 7% in Thursday’s Nas session. The issue, which for the last 10 trading sessions has been probing their 13-month lows along the $24 – $26 range, has resolved its consolidation period to the downside. The name has done so with an accelerated downtrend intact since October 3, 2014.

Shares of the company behind wearable cameras used by surfers and skateboarders are now $0.81 below their $24 initial public offering price in June 2014. In the past 52 weeks, GoPro shares have traded between a low of $23.10 and a high of $86.00. Shares are down 66.53% year-over-year and 60.30% year-to-date.

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