One Reason Why Fitbit (FIT) Stock Is Up Today

Fitbit (FIT) stock is higher Thursday amid speculation the company is field-testing two new products expected to be revealed at September's 2016 IFA in Berlin.
By Giovanni Bruno ,

NEW YORK (TheStreet) -- Shares of Fitbit (FIT) - Get Report  are up 3.72% to $12.97 in early Thursday afternoon trading amid speculation the company is field testing two new devices, expected to be announced during September's 2016 IFA, Wearable reports. 

The two devices are reportedly being tested under the code-names Laryon, and Fermion, a method Fitbit has used in the past when testing new products, Wearable notes. 

Additionally, the company has applied for trademarks for Fitbit Flex, and Fitbit Charge 2. These are the two devices Laryon and Fermion will become, Wearable speculates. 

Fitbit is a provider of health and fitness devices headquartered in San Francisco. Its platform includes wearable connected health and fitness trackers, which are wrist-based and clipable devices.  

The IFA is the official press event of the global trade show featuring companies exhibiting new technologies.

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