|Company Name||GoPro, Inc.|
On October 2, 2019, GoPro reduced its full year 2019 revenue guidance to a range of $1.215 to $1.25 billion, citing a “late stage production delay” that shifted shipments of its new Hero8 Black from the third quarter to the fourth quarter of 2019.
On this news, the Company’s stock price fell $0.97, or over 19% to close at $4.15 per share on October 3, 2019, thereby injuring investors.
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