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GoPro stock plummets 8% to seventh-lowest close

GoPro Inc. may have closed its entertainment division, botched two product launches and fired a bunch of people in the past 12 months, but some analysts are encouraging investors to hang on.

GoPro GPRO, -7.72% reported on Thursday slightly better-than-expected sales and stronger-than-expected adjusted earnings in its first positive report in several quarters. Its shares jumped nearly 4% in after-hours trading Thursday following the results.

However, those gains were completely wiped out on Friday.

GoPro stock plummeted nearly 8% on Friday, pushing it down more than 17% in the past three months and 35% in the past year.

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