The unexplainable drop is not a chart or news item ... it is the continuing saga of excessive short shares and the game playing that hedge funds and those who own them do to manipulate the stock price and their positions. Nasdaq settlement date closed yesterday 3/31 and the report due date is tomorrow 4/2 and the publication date for short interest level is 4/10. What a Soap Opera game this has been.
December Institutional Investment levels were at 30%, but with the price per share crashing Institutions have taken advantage of the short interest over 50% game players, the panics, and the resulting margin call exits and institutions are now owning just over 60% of the shares, meaning they have doubled their GPRO ownership since December. I like to be aligned with the accumulating institution position.