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 ...

Read The Full Article On

Get early insight on hidden secret gems on MicroSmallCap. Follow Crypto, Mining, Cannabis and Energy stocks and get free research reports here.

All content provided by MicroSmallCap is subject to our Terms Of Use and Disclaimer.

Data & News supplied by
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.