Fitbit takes ill as secondary stock offer cuts value

By | November 13, 2015

Scalper1 News

Fitbit (FIT) took a sick day Friday, with its shares falling to their lowest level since the company’s IPO in June. Fitbit stock has been hammered since it announced plans for a secondary stock offering last week. But it tumbled on the stock market today after it priced those shares at $29, which is 8% below Thursday’s close and 24% lower than where it traded just a week ago. Fitbit, a maker of activity trackers and fitness bands, reduced its own Scalper1 News

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