What’s Affected GoPro’s Stock Price Recently?
GoPro (GPRO) stock fell over 15% from January 8, 2018, to its close of $6.36 on January 16. Last week, GoPro announced its preliminary 4Q17 results, estimating revenue of $340 million for the quarter. Price protection for products such as the HERO6 Black, the HERO5 Black, and the HERO5 Session cameras will result in a negative revenue impact of ~$80 million in 4Q17.