Tag Archives: fit

Apple Watch closing in on Fitbit for wearables lead

Fitness band maker Fitbit (FIT) continues to lead the wearable device market by worldwide unit shipments, but smartwatch maker Apple (AAPL) is catching up. Fitbit grabbed 22.2% market share in the third quarter, shipping 4.7 million devices, research firm IDC reported Thursday. But that’s down from 24.3% market share in the second quarter. Meanwhile, Apple narrowed the gap with Fitbit in Q3, shipping 3.9 million Apple Watch units. It remained in

Fitbit climbs on upbeat holiday sales report

Fitbit (FIT) stock went on a post-Thanksgiving turkey trot on Monday after getting an analyst upgrade. Barclays analyst Matthew McClintock on Monday upgraded Fitbit stock to overweight from equal weight with a price target of 49. Fitbit was up more than 2.5%, near 28.50, in afternoon trading on the stock market today. Fitbit, the top maker of activity trackers and fitness bands, went public on June 18 at 20. It climbed as high as 51.90 on Aug. 5

IBD Stocks On The Move: New Highs & Lows, Rebounds

Let’s take a look at five stocks on IBD’s Stocks on the Move screen, which are seeing some big-volume action: Chipotle Mexican Grill (CMG), Dycom Industries (DY), Fitbit (FIT), Pfizer (PFE) and Allergan (AGN). Chipotle is rebounding today from a loss of more than 12% on Friday. The fast-casual Mexican chain has been suffering from an E. coli outbreak that’s been linked to six states. But some analysts say the damage could be limited. Telecom