Fitbit shares jump after revenue beats expectations. Shares of Fitbit spiked as much as 13% in after-hours trading Wednesday after the fitness tracker reported surprisingly strong earnings.
FIT breaking out today after some long sideways cosilidation! Raymond James gives it a $9 target, so they are obviously long and like this move. That smartwatch better be a good seller!
Shares of Fitbit ($FIT) moved sharply higher in pre-market trading after the wearable fitness device maker reported a narrower than expected first quarter loss on revenues that beat estimates.
A Virginia man was just arrested for allegedly making a fake takeover offer for Fitbit's stock http://www.cnbc.com/2017/05/19/virg...king-a-fake-takeover-offer-fitbits-stock.html
Hopefully this is the first punch of the first round for Fitbitians. Like Rocky Balboa, Fitbit will win the title with hard work.
FIT upgraded from sell to hold, and the price target cut from $6 to $5.50 at Stifel Nicolaus. Possible support here?
After years of maintaining its leading position in the wearables market, Fitbit finally lost its ground to Xiaomi. According to the latest International Data Corporation (IDC) report, Xiaomi is tied at the top in terms of third-quarter 2017 shipment volumes, with it having shipped 3.6 million units. Fitbit has been pushed to the second position.