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GoPro shares slip again as analysts warn of market saturation

Reuters 

(Reuters) - Shares of GoPro Inc fell again on Tuesday after analysts warned that its products face increasing market saturation, a day after the action-camera maker said it was open to a sale but was not actively pursuing one.Shares of the company were down nearly 5 percent at $6.25 in premarket trading, but a far cry from the heavy losses suffered on Monday when it announced plans to exit the drone business, cut jobs and lower its fourth quarter revenue estimate.After that announcement, the stock crashed 33 percent to a record low of $5.04. GoPro is battling waning demand for its sports ...

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First Published: Tue, January 09 2018. 18:32 IST
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