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Fitbit stock price
Fitbit latest news:
Apple Seizes Lead in Wearables Market as Fitbit Falters
BRIEF-Fitbit Inc reports Q3 GAAP loss per share $0.48
* Q3 earnings per share view $-0.03 -- Thomson Reuters
Fitbit's stock falls, but analyst stays bullish on upbeat outlook for Ionic smartwatch
Shares of Fitbit Inc. slumped 3.8% in afternoon trade Tuesday, even as Oppenheimer analyst Andrew Uerkwitz held firm with his bullish rating, citing valuation and the fitness-tracker company's long-term digital health positioning. Although reviews of Fitbit's new Ionic smartwatch weren't very upbeat, especially after Apple Inc. unveiled its Series 3 cellular-connected smartwatch, Uerkwitz said the fitness-first focus of Ionic, simple interface and broader array of accessories positions it to expand its target audience. "With expectations low, [Fitbit] doesn't need a mega hit," Uerkwitz wrote in a note to clients. "It just needs to show it understands what is needed for the coming digital health era: an easy-to-use device that provides robust data, coaching and a long battery life." Since Ionic was introduced in late August, Fitbit's stock has climbed 12%, while Apple shares have shed 5.1% and the S&P 500 has gained 3.5%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Fitbit's stock surges as Ionic 'enjoys distinctions' compared with Apple Watch 3
Shares of Fitbit Inc. surged 3% in morning trade Wednesday, with Stifel Nicolaus saying the fitness band maker's Ionic "enjoys distinctions" when compared with Apple Inc.'s new Apple Watch 3. "Key distinctions in head-to-head comparison with the Fitbit Ionic product are compatibility with non-iOS devices, longer battery life which supports sleep tracking (claimed 4 days vs. Series 3 watch at 18 hours) and a narrow advantage in price ($299 vs. $329)," analyst Jim Duffy wrote in a note to clients. "Longer battery life and sleep tracking functionality...are likely to be emphasized in Fitbit marketing messages supporting the Ionic during the holiday season." Fitbit's website says Ionic will ship in 2-to-3 weeks while Apple said Watch Series 3 will be available on Sept. 22. Fitbit's stock has run up 23.6% over the past three months but was still down 12% year to date, while Apple's stock has rallied 36.4% so far this year and the S&P 500 has gained 11.4%.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Fitbit introduces its first smartwatch
It’s called Ionic.
What Happened in the Stock Market Today
On a mixed day for the overall market, Sprouts and Fitbit saw outsize moves.
Did Fitbit Steal a March on Apple’s Just-Announced Product Launch?
Fitbit takes aim at Apple with new smartwatch launch
(Reuters) - Wearable device maker Fitbit Inc on Monday launched its newest device, the Ionic smartwatch, with features ranging from fitness tracking to contactless payment, as it gears up to compete with rivals such as Apple Inc .
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