Scalper1 News
Fitbit late Monday bested Wall Street’s Q3 targets and guided higher for the holiday sales quarter. But the maker of wearable fitness devices announced a secondary stock offering that spooked investors in after-hours trading. The San Francisco-based company filed to sell 7 million shares, while existing shareholders will sell another 14 million shares. The selling stockholders also granted the underwriters an option to purchase an Scalper1 News
Scalper1 News