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Stockreport

Why Fitbit Stock Popped Today [The Motley Fool]

FITBIT INC (FIT)  More Company Research Source: The Motley Fool
NASDAQ:AMEX Investor Relations: investor.fitbit.com/overview/default.aspx
PDF There was no news driving the gains. What's going on? Timothy Green ( TMFBargainBin ) Feb 14, 2018 at 4:27PM What happened Shares of Fitbit ( NYSE:FIT ) jumped on Wednesday. There was no news driving the stock higher, but the company's acquisition of a connected health platform announced on Tuesday could be a contributing factor. Fitbit stock was up about 10% at 3:45 p.m. ET. So what Fitbit has suffered from four consecutive quarters of revenue declines. Demand for the company's fitness trackers has slumped, and it's still unclear whether its Ionic smartwatch will be able to turn the tide. Fitbit will announce its fourth-quarter results on Feb 26. The Fitbit Ionic. Image source: Fitbit. Part of Fitbit's turnaround plan involves focusing on health. The company announced on Tuesday plans to acquire Twine Health, a health coaching platf [Read more]

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