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August 2, 2017 09:10 pm GMT
Fitbit’s shares are not much more than 10% of the highs it reached of $47.60 in July 2015, the month following its public debut. On Wednesday, Fitbit closed $5.07, just barely a “unicorn” at $1.16 billion in marketvalue. But the stock saw a rare boost after the company reported quarterly earnings, sending shares up over 4% in initial after hours trading. The company… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/TWClt147xQw/
Fitbit tries to convince investors its still alive
Fitbit’s shares are not much more than 10% of the highs it reached of $47.60 in July 2015, the month following its public debut. On Wednesday, Fitbit closed $5.07, just barely a “unicorn” at $1.16 billion in marketvalue. But the stock saw a rare boost after the company reported quarterly earnings, sending shares up over 4% in initial after hours trading. The company… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/TWClt147xQw/
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