Fitbit (FIT) Stock Climbs on Indications of Successful Holiday Season

NEW YORK (TheStreet) -- Fitbit (FIT) stock is up 4.36% to $30.17 in pre-market trading on Monday as the company's fitness tracking app holds the top spot within Apple's (AAPL) iTunes App Store's health and fitness category, and second spot overall within the free apps category.

Fitbit's app jumped 20 spots to be the top app in the iTunes App Store on Saturday, the day after Christmas, according to Engadget.

The surge in downloads indicates that many users are likely setting up their Fitbits and installing the app for the first time. 

Fitbit is the industry leader in wearables at 22%, Engadget adds.

Based in San Francisco, Fitbit is a provider of health and fitness products.

FIT Chart FIT data by YCharts

More from Markets

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Jim Cramer: The 10-Year Yield Could Go to 2.75%

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Oil Slumps, Gas Spikes Ahead of Holiday Weekend; Assessing the Chipmakers--ICYMI

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Week Ahead: Wall Street Looks to Jobs Report as North Korea Meeting Less Certain

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Dow and S&P 500 Decline, Energy Shares Fall as U.S. Crude Oil Slides 4%

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker

Replay: Jim Cramer on the Markets, 10-Year Yield, Oil Prices and Foot Locker