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Fitbit is acquiring intellectual property and staff from Pebble, which is being shut down. Reports have suggested the deal cost between $34 million and $40 million.
The outlook on the wearable technology space is not all doom and gloom.
The S&P 500 and Dow Jones Industrial Average trade at session highs early Wednesday afternoon as a broad rally overshadows a slump in health care stocks.
The S&P 500 reverses an earlier loss to post small gains, trading at a new intraday record, thanks to broad gains across all sectors save for health care.
Fitbit has bought certain software assets from smartwatch maker Pebble.
Fitbit, Inc. (NYSE:FIT) the leader in the connected health and fitness market, today announced that it has acquired specific assets of Pebble, including key personnel and intellectual property related to software and...
Despite reports of a slumping smartwatch market, Apple CEO Tim Cook says the Apple Watch is being scooped up by consumers at a record clip this holiday season.
The troubled maker of fitness wearables is reportedly eyeing the smartwatch pioneer for its intellectual property and operating system.
Fitbit is reportedly buying rival Pebble for a fraction of what Pebble was offered in 2015. The deal shows how both consumer and investor enthusiasm for wearables has cooled markedly.
Stocks moved slightly higher Thursday on the first trading session of December after the markets rallied throughout November
Pebble reportedly will sell for $34 million to $40 million, significantly less than its founder hoped for.
U.S. stock futures turn lower Thursday as oil prices stabilize after soaring during the previous session following OPEC's agreement to cut output; U.S. automakers release November sales.
Pacific Crest upgraded Fitbit (FIT) shares to 'sector weight.'
Here are Wednesday's top research calls, including upgrades for Disney, Fitbit and Fossil, and downgrades for Lululemon Athletica and Sysco.
2K today announced that NBA® 2K17 , the latest iteration of the top-selling and top-rated NBA video game simulation series*, has partnered with Fitbit (NYSE:FIT), the leader in the connected health and fitness...
It would appear as though Fitbit received a false buyout offer, but that's not stopping the stock from climbing.
Fitbit (FIT) shares were declining Friday morning, a day after a mysterious Chinese firm made an SEC filing bidding for 24% of the company's stock.
Wall Street remained divided as investors tried to gauge possible policies after a Trump win.
Wall Street runs at two speeds as a rally in financials sent the Dow Jones Industrial Average to close at records, while a selloff in tech sank the Nasdaq.
Wall Street remains divided on Thursday as investors try to gauge the types of policies president-elect Donald Trump could enact.
Fitbit (NYSE:FIT) has not received any communication from ABM Capital, or any other firm, regarding a reported offer.
The action camera maker's latest earnings and guidance show that its core market isn't expanding much, and that it hasn't quite taken the drone market by storm.
Starbucks CEO Howard Schultz would really rather you didn't vote for Donald Trump. And even if you do, he figures you'll probably still need your morning coffee fix, anyway.
Fitbit (FIT) and GoPro (GPRO) seem to be mirroring past 'trends,' similar to Commodore International computers, TheStreet's Jim Cramer said on CNBC.
Here's a technical look at how to trade some of the most active stocks on the market right now.
Jim Cramer ponders the preciousness of credibility.
In highlights from this week's trading diary and posts, Kass tells us about Friday's positives and retail's woes.