Fitbit (FIT) Shares are Up 9.47%

Fitbit (FIT) : Traders are bullish on Fitbit (FIT) as it has outperformed the S&P 500 by a wide margin of 12.04% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 8.89%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 9.47% in the last 1 week, and is up 9.77% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.

The stock has recorded a 20-day Moving Average of 7.07% and the 50-Day Moving Average is 11%.The 200 Day SMA reached 4.18% Fitbit Inc. is up 24.32% in the last 3-month period. Year-to-Date the stock performance stands at -46.1%.


Fitbit (FIT) : Currently there are 15 street experts covering Fitbit (FIT) stock. The most bullish and bearish price target for the stock is $32 and $14 respectively for the short term. The average price target of all the analysts comes to $21.27. The estimated standard deviation from the target is $4.99.

For the current week, the company shares have a recommendation consensus of Buy. Fitbit (NYSE:FIT): stock was range-bound between the intraday low of $15.73 and the intraday high of $16.1 after having opened at $15.9 on Fridays session. The stock finally closed in the red at $15.9, a loss of -0.50%. The stock remained in the red for the whole trading day. The total traded volume was 11,588,897 shares. The stock failed to cross $16.1 in Fridays trading. The stocks closing price on Thursday was $15.95.

Fitbit, Inc. (Fitbit) is a provider of health and fitness products. The Companys Fitbit platform combines connected health and fitness devices with software and services, including an online dashboard and mobile applications, data analytics, motivational and social tools, personalized insights, and virtual coaching through fitness plans and interactive workouts. It offers a number of fitness products, including Fitbit Zip, Fitbit One, Fitbit Flex, Fitbit Charge, Fitbit Charge HR, Fitbit Surge and Aria. Its wrist-based and clippable devices automatically track users daily steps, calories burned, distance traveled, floors climbed, and active minutes and display real-time feedback to encourage them to become more active in their daily lives. Fitbit Premium is its membership that serves as an around the clock virtual personal trainer delivered to users through any Web browser. It operates FitStar, a provider of interactive video-based exercise experiences on mobile devices and computers.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *