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How Did Wearables Do In Q4?
Thursday, February 23, 2017 - 9:20am | 579Read More...Shares of Fitbit Inc (NYSE: FIT) continue flirting with its all-time lows after the company pre-announced its fourth-quarter results in late January. After Wednesday's market close, Fitbit released its official results, and as expected, it consisted of a loss and revenue miss. Specifically, the...
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Fitbit's New All-Time Low Coincides With Warren Buffett's Entrance In The Wearables Sector
Thursday, February 9, 2017 - 11:55am | 312Read More...Shares of Fitbit Inc (NYSE: FIT) hit a new all-time low of $5.62 on Thursday as the already heightened competitive landscape in the wearables market intensified even further. ZDNet reported that Warren Buffett's Berkshire Hathaway Inc. (NYSE: BRK.A) (NYSE: BRK.B) and its jewelry subsidiary, the...
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Fitbit's Rough Holiday
Monday, January 30, 2017 - 10:43am | 594Read More...Shares of Fitbit Inc (NYSE: FIT) plummeted Monday morning after the company confirmed earlier reports that it needs to slash its workforce amid a weaker-than-expected sales performance. Fitbit's stock was trading on Friday near its all-time lows as investors remain skeptical that the momentum for...
