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Fitbit, Despite New NBA Team Deal, Lower On Evidence Inventory Discounting Continues
Tuesday, June 20, 2017 - 1:46pm | 544At first glance, Fitbit Inc (NYSE: FIT) new partnership with the NBA's Minnesota Timberwolves sounds like a positive development that could help the struggling stock that has already lost 30 percent since the start of the year. The Deal As part of an agreement with the Timberwolves, Fitbit would...
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Fitbit's Newest Products Generating Extremely Positive Social Media Buzz
Wednesday, May 4, 2016 - 2:13pm | 284The latest data from TickerTags indicates that Fitbit Inc (NYSE: FIT) seems to have gotten it right with the launch of two brand new products in Q1. With the company set to release Q1 earnings on Thursday, social media buzz surrounding the Fitbit Blaze and the bracelet-like Fitbit Alta is...
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Meet Joe Wittine, The Analyst Buying Fitbit Now
Thursday, March 31, 2016 - 12:14pm | 481Fitbit Inc (NYSE: FIT) may be down over 50 percent for the year-to-date period and the last 12 months, but a rally could be forthcoming. At least, that's what one Longbow Research analyst believes. Analyst Joe Wittine has initiated coverage of Fitbit on the last day of 2016 Q1, citing there...
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Fitbit Blaze Exceeding Expectations, Dougherty Says
Tuesday, March 8, 2016 - 11:30am | 269Dougherty’s Charles Anderson reiterated a Neutral rating on Fitbit Inc (NYSE: FIT). Upside Potential “We have consistently said that Fitbit is likely to trade in sympathy with how well its new products are received by the market. While it is early, we can say with confidence that...
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A Timeline Of Fitbit's 56% Fall In 2016
Wednesday, February 24, 2016 - 8:54am | 406Shares of Fitbit Inc (NYSE: FIT) are down 55.8 percent in the first two months of 2016, while the S&P 500 is down 6 percent. The stock closed Tuesday at $13.08 after opening the year trading around $30 per share. Here's a timeline examining the catalysts driving the selloff. January...
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SunTrust Reiterates 'Buy The Dip' In Fitbit
Tuesday, January 19, 2016 - 9:45am | 435Fitbit Inc (NYSE: FIT) shares have plunged 39 percent since January 4. SunTrust Robinson Humphrey’s Robert S. Peck maintained a Buy rating for the company, while reducing the price target from $48 to $30. While the company’s fundamentals remain sound, the price target...
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Fitbit's Blaze Watch Not Enough To Keep The Stock From Crashing 18%
Tuesday, January 5, 2016 - 5:18pm | 476Fitbit Inc (NYSE: FIT) shares tanked on Tuesday, falling more than 18 percent. The move may be attributed to some not-so-positive reception of Fitbit's newest product -- Fitbit Blaze, a $199 smart fitness watch that will be released in March. The company revealed the watch at the 2016...