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Fitbit shares tank 29 percent as holiday sales look bleak

Thursday, November 3, 2016 7:02
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(Before It's News)

Fitbit Flex 2 Fitbit is going to have a rough holiday season as the company shared a disappointing outlook for the next quarter on yesterday’s earnings call. As a result, Fitbit shares (NYSE:FIT) opened at $9.03, down 29.5 percent compared to yesterday’s closing price of $12.81. So what happened exactly? Fitbit’s earning report yesterday wasn’t great, but it wasn’t too bad either. Read More

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