Fitbit stock tumbled last week and made an all-time low after reporting unsatisfactory financial results the previous week. For Fitbit Inc. (NYSE:FIT) investors, it has been an unforgettable 2019 with the stock having shed close to 30% of its value to date, which will be the fourth year in a row that the Fitbit stock shed double-digit percentage. Despite the gloomy outlook, there is some positive news for Fitbit as it navigates the tide.
Return of Fitness TrackersTop-line growth in the past year was mainly from the success of the company’s low-priced smartwatches, and for ...
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