Scalper1 News
Fitbit (FIT) fell off the treadmill late Monday after the fitness device maker posted better-than-expected third quarter results and raised guidance, but surprised investors with a secondary stock offering. Fitbit stock was down 8% to about 38 in afternoon trading on the stock market today. Fitbit is planning a follow-on stock offering of 21 million shares. Fitbit plans to sell 7 million shares to raise money for general corporate purposes and Scalper1 News
Scalper1 News