Why Did GoPro Stock Drop 14% in January?
Investors following action camera maker GoPro (NASDAQ: GPRO) knew the company was on track to make a profit in 2021, after five straight losing years. But January 2022 still marked a 14.1% decline in the company's share price, according to data provided by S&P Global Market Intelligence.
The company officially reported its fourth-quarter and full-year 2021 results subsequent to the end of the month, and shares gained back some of that January drop. But holdings of longer-term investors that have held shares for the last 12 months are still down more than 15%. That's likely because while the company is working to execute an ongoing turnaround, the prospects for its future still look hazy.
Image source: Getty Images.
Source Fool.com
