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Here’s a Reason Why GoPro (GPRO) Stock is Falling Today

NEW YORK (TheStreet) -- GoPro (GPRO - Get Report) stock is down 3.69% to $11.86 in afternoon trading on Monday after Morgan Stanley analysts said revenue estimates for the action camera maker's 2016 second quarter could be too high because of weaker demand and channel destocking.

"We anticipate channel inventory corrections to be completed by the summer, but with channel inventory at ~ 5 weeks currently and retailers aiming to get to ~ 3 weeks by the middle of the year, our 2Q revenue estimates of $249M (consensus $254M) may be too high," Morgan Stanley said in an analysts note earlier...


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