Fitbit Stock
Garmin Stock Forecast Garmin Ltd. (NASDAQ:GRMN) and Fitbit Inc (NYSE:FIT) both recently posted solid third-quarter numbers that beat Wall Street expectations. Both of their share prices have also rebounded from the market’s broad-based sell-off. But one is in a much better position than the other. While investors may be more attracted to…
FIT Stock: Coinciding Levels of Resistance Fitbit Inc (NYSE:FIT) stock made some buzz last week on the news that it started a partnership agreement with DexCom, Inc. (NASDAQ:DXCM) that would give diabetes patients the ability to track their glucose levels using a Fitbit device. This news sent FIT stock surging…
FIT Stock Plunge Shows That Wearables Are Risky Investment Fitbit Inc (NYSE:FIT) stock crashed by almost 16% Monday following its dismal preliminary results for Q4 FY16, together with FY17 guidance that spooked investors. The following four key triggers explain what went wrong and what can be expected from…
FitBit Jawbone Patent Issues Weigh on FIT Stock FitBit Inc (NYSE:FIT) abandoned its patent case against arch-nemesis Jawbone, losing a key battle but perhaps winning the war for the fitness tracking market. The two companies have been at loggerheads for years, a fact which kept Fitbit stock (FIT stock)…
Is FIT Stock in Trouble? Fitbit Inc (NYSE:FIT) weathers another blow as Deutsche Bank AG (NYSE:DB) analysts downgrade FIT stock and cut their price target in half, from $18.00 down to $9.00 per share. FIT stock, despite the news, remained relatively unchanged on Thursday, only falling about three quarters of…
What's Forcing Fitbit Stock Down? Fitbit Inc (NYSE:FIT) stock took a dramatic fall on Wednesday during after-hours trading when the company failed to meet analysts’ estimates, tumbling 30%. Fitbit leads in the market for wearable devices, according to IDC Research, Inc. Fitbit is known for calorie and heart-rate monitoring bracelets that measure…
FIT Stock: Potential Bottom Fitbit Inc (NYSE:FIT) stock represents a company that makes a device that gets people moving by tracking their footsteps in one convenient piece of jewelry. This technology has not translated into profits for shareholders because, after a brief pop following the initial public offering (IPO),…