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Stifel's Bearish Stance On Fitbit No Longer Applies, But Concerns Remain
Wednesday, January 31, 2018 - 1:00pm | 414Shares of Fitbit Inc (NYSE: FIT) have lost more than 13 percent over the past year and are down nearly 85 percent since its 2015 initial public offering. While the company isn't out of the woods just yet, at least one analyst no longer sees the bearish case for the stock moving forward. The...
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Fitbit's Demand Issues Will Take Time To Correct, Needs New Products And Partnerships
Thursday, November 3, 2016 - 10:49am | 441Shares of Fitbit Inc (NYSE: FIT) were set to open on a new 52-week low Thursday as it plunged 30 percent in the pre-market hours to $8.97 as weaker demand and supply constraints led to a lower third-quarter profit and a cut in the fourth-quarter outlook. The mid-point of Fitbit's new fourth...
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Fitbit Is Crashing, But Mizuho Believes Initial Charge 2 Sales Are 'Strong'
Thursday, September 29, 2016 - 3:37pm | 308Fitbit Inc (NYSE: FIT) is the world's biggest seller of activity trackers. The Fitbit Charge 2 has been called the best fitness tracker ever by Gizmodo, but The Verge said bugs plagued the product. Investors are seemingly concerned with Fitbit's new product sales, with the stock plummeting nearly...