Fitbit fad concern ‘overblown’; stock rebounds

By | January 22, 2016

Scalper1 News

Fitbit (FIT) stock bounced off its all-time low this week after a research report by Raymond James argued that shares of the activity tracker maker were oversold. Raymond James analyst Tavis McCourt on Thursday upgraded Fitbit to outperform from market perform, with a price target of 25. Fitbit stock was up more than 3.5%, near 19, in afternoon trading on the stock market today. On Wednesday, Fitbit stock hit an all-time low of 15.53. The San Scalper1 News

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