The Traderszone Network

Published in TZ Latest News 10 June, 2016 by The TZ Newswire Staff

Fitbit Rises After Analysts’ Bullish Comments

Fitbit (NYSE: FIT) shares rose 3% on Thursday after several analysts released bullish notes supporting the fitness-tracker maker following its Captivate Conference on corporate wellness. Fitbit has lost half its value over the past year due to ongoing concerns about slowing device sales, narrowing margins, and rising competition.