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GoPro Inc (NASDAQ:GPRO) May Not Hold $5

|Includes: GoPro (GPRO)

GoPro Inc (NASDAQ:GPRO) May Not Hold $5

This one is the ugliest of all the Unicorns, Over hyped, Overvalued and Under performing.

The technicals indicate we have a bounce due but we certainly feel this is the deadest of dead cat bounces, if it rallys short it, nothing can save GPRO now.

The Institutions are exiting and the shareholder base is rapidly becoming fanboys and unsophisticated investors.

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Institutional Holders

 

% Shares Owned: 40.45%
# of Holders: 283
Total Shares Held: 41,208,274
3 Mo. Net Change: -7,779,398
# New Positions: 40
# Closed Positions: 54
# Increased Positions: 111
# Reduced Positions: 140
# Net Buyers: -29

Disclosure: I am/we are short GPRO.