Consumers are showing increased interest in buying Fitbit (FIT) activity trackers and Apple’s (AAPL) Apple Watch ahead of the holiday shopping season, a new survey by investment bank Robert W. Baird indicates. “Our quarterly U.S. activity tracker survey suggests continuing strong interest in Fitbit devices, along with growing traction for Apple Watch,” Baird analyst William Power said in a research report Friday. “Despite recent broader retail
At Tuesday’s L.A. Tech Summit, IBD was able to catch up with Aydin Senkut, Alphabet (GOOGL)-owned Google’s first product manager who has since started his own venture capital firm, Felicis Ventures. Senkut spoke about two of the VC’s most notable investments, Fitbit (FIT) and Shopify (SHOP), as well as what he looks for when making an investment and how his time at Google has shaped his career. Follow Alissa Williams on
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