Fitbit Stock Continues to Hit New Low: What Should You Expect Now?

Fitbit stock

Fitbit stock tumbled last week and made an all-time low after reporting unsatisfactory financial results the previous week. For Fitbit Inc. (NYSE:FIT) investors, it has been an unforgettable 2019 with the stock having shed close to 30% of its value to date, which will be the fourth year in a row that the Fitbit stock shed double-digit percentage.  Despite the gloomy outlook, there is some positive news for Fitbit as it navigates the tide.

Return of Fitness Trackers

Top-line growth in the past year was mainly from the success of the company’s low-priced smartwatches, and for ...

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