Shares of GoPro Inc. dropped more than 6% in morning trade on Monday, following a negative article in Barron’s likening the video-camera manufacturer to BlackBerry. “History hasn’t been kind to one-product wonders like GoPro,” wrote Barron’s reporter Alexander Eule. “BlackBerry once had a similar perch in smartphones. So did Palm in the days of digital organizers.” GoPro shares, trading near $32, peaked at $93 last October. According to Barron’s, the most bearish case for GoPro on the street is $48, which Eule says is wishful thinking for the stock, considering the company’s potential amid competition. GoPro shares have dropped 48% in the year to date. The S&P is down 4%.
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