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One Reason Why GoPro (GPRO) Stock Is Down Today

NEW YORK (TheStreet) -- GoPro (GPRO - Get Report) stock is falling 6.45% to $8.85 in mid-afternoon trading on Thursday, as LG has introduced an action camera that doesn't require a smartphone to stream live video and Pacific Crest warned of weak demand for its products.

Videos taken by the LG LTE Action Camera will be comparable to those taken by the GoPro Hero Session, though GoPro's cameras do not include LTE chips and are unable to stream video without a smartphone, Mashable reports.

Additionally, Pacific Crest cut its estimates for GoPro supplier Ambarella (AMBA), citing...