Scalper1 News
With the Apple Watch no longer seen as a threat, fitness tracker Fitbit (FIT) saw its shares return to record high territory on Wednesday. Fitbit stock rose 10.9% to close the regular session at 42.38, an all-time high. San Francisco-based Fitbit went public on June 18 at 20 and hit its previous record of 40.45 on its third day of trading. Shares then trended down and fell as low as 32.50 on Monday before rebounding. Fitbit got an assist on Tuesday from a bullish report by RBC Capital Markets analyst Mark Sue. He initiated coverage of Fitbit with an outperform rating and a price target of 45. Scalper1 News
Scalper1 News