GoPro Stock Falls on Bearish Citi Coverage

Shares of GoPro were down more than 2% Friday afternoon after analysts at Citi Research initiated coverage of the stock with a “sell” rating, predicting that the company will continue to lose money over the next two years. “In the absence of significant topline growth, the company has started to focus on operating expense control, but breakeven remains at least 2 years out, in our view,” analyst Stanley Kovler wrote.