Corporate wellness programs are giving Fitbit stock a shot in the arm. Fitbit (FIT) shares shot up 12.3% to 37.10 after retailer Target (TGT) announced that it will offer Fitbit activity trackers for free to its 335,000 U.S. employees. Target is the latest company to provide wearable activity trackers to its workers as a way to improve employee fitness and reduce health care costs. The Target deal is one of Fitbit’s largest
Apple unwrapped its ninth-generation iPhone on Wednesday, but investors were unimpressed. Apple (AAPL) stock fell 1.9% to 110.15 on the day, which also saw the unveiling of a fourth-generation Apple TV set-top box and a large-screen iPad Pro tablet. Wall Street is concerned that iPhone unit sales could fall year over year for the first time ever with the new iPhone 6S and 6S Plus handsets. Apple’s latest smartphones face tough comparisons to last
GoPro sports camera chipmaker Ambarella reported Q2 revenue late Tuesday that beat Wall Street forecasts, and earnings more than doubled. But Ambarella (AMBA) stock continued a nose-dive in after-hours trading Tuesday, after CFO George Laplante guided to flat wearable camera revenue for Q3 during the company’s earnings conference call. And the company’s fiscal Q3 revenue outlook lagged analyst estimates. Ambarella stock was down