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FIT News and Press, Fitbit Inc. Class A From 11/26/19

Stock Information

Company Name: Fitbit Inc. Class A
Stock Symbol: FIT
Market: NYSE
Website: fitbit.com

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FIT - Will Alphabet Really Buy Fitbit in 2020?

It's been four weeks since Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) put a ring on it, announcing plans to buy  Fitbit (NYSE: FIT)  in a $2.1 billion deal . The transaction would cash out investors in the wearables pioneer at $7.35 a share. The stock nearly traded that high on t...

FIT - Fitbit +3% as filing reveals bidding war

Fitbit (NYSE: FIT )  gains 3.2% pre-market after an SEC filing shows another party was bidding against Google to acquire the company. More news on: Fitbit, Inc., Tech stocks news, Stocks on the move, Read more ...

FIT - Merger Arbitrage Mondays - Novartis Confirms Acquisition Of The Medicines Company

Merger activity decreased, with three new deals announced and five deals closing. Deal Statistics: New Deals: The acquisition of Carolina Financial Corporation (CARO) by United Bankshares (UBSI) for $1.1 billion in an all-stock deal. Under the terms of the agreement, United will...

FIT - Alphabet Buying Fitbit Isn't the Problem, It's the Apple Watch

Perhaps by now, you've heard: Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) has submitted a $2.1 billion bid to purchase Fitbit (NYSE: FIT) . The proposal throws shareholders in the wearables pioneer a lifeline, giving them an exit from what has been a train wreck of an investment. But the ...

FIT - Is Huami an Undervalued Growth Stock?

Huami (NYSE: HMI) might not be a familiar name to most investors, but the Chinese company is actually the world's top wearable device maker. That's because it manufactures all of Xiaomi 's (OTC: XIACF) wearables, which led the wrist-worn wearables market with a 17.3% share in the sec...

FIT - Merger Arbitrage Analysis And Spread Performance - November 17, 2019

This article explains the reasons behind the movement in a selection of the largest U.S. cash merger arbitrage spreads from the past week as calculated by Merger Arbitrage Limited. We analyze the attractiveness and profitability of each spread going forward and indicate the trading position ...

FIT - 3 Factors in Google's Acquisition of Fitbit

This article  was first published by MyWallSt .  MyWallSt makes it easy for you to pick winning stocks. Get a free trial today. It's the best investment you'll ever make. Google parent Alphabet  (NASDAQ: GOOGL) (NASDAQ: GOOG) announced in early November that it is ac...

FIT - Fitbit Enhances Smartwatch Experience with OS Update, Debuts Best Heart Rate Tracking Yet for Versa 2, and Delivers Expanded Premium Features

New FitbitOS 4.1 update delivers enriched always-on display mode for Versa 2, innovative sleep tools like smart wake and more functionality right from your wrist New advanced heart rate algorithm for Versa 2 uses machine learning to deliver best HR tracking yet Fitbit Premium deli...

FIT - Critics of Google's Fitbit Acquisition Just Got Some Major Ammo

"We understand this is a big responsibility and we work hard to protect your information, put you in control and give you transparency about your data," Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) subsidiary Google said earlier this month when it announced it was planning to acquire weara...

FIT - A Foolish Take: Google's Big Bet On Fitbit

Alphabet   (NASDAQ: GOOG) (NASDAQ: GOOGL)  subsidiary Google recently announced plans to acquire Fitbit (NYSE: FIT) for $2.1 billion. The takeover would make Google the fourth-largest wrist-worn wearables maker in the world, but it still faces a tough uphill battle against ...

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