Is This a Problem for Fitbit Stock?
Fitbit Inc (NYSE:FIT) debuted as a public company a bit more than a year ago. So far, Fitbit stock has not been a stellar performer. It was priced at $20.00 and its opening trade the next day was $30.40. It traded as high as $51.90 a few weeks later and, since then, has fallen more than 70%.
In Fitbit's initial public offering (IPO) prospectus, it was noted that one of the measures that the company used to "evaluate our business, measure our performance, develop financial forecasts, and make strategic decisions" was "paid.
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Fitbit Inc (NYSE:FIT) debuted as a public company a bit more than a year ago. So far, Fitbit stock has not been a stellar performer. It was priced at $20.00 and its opening trade the next day was $30.40. It traded as high as $51.90 a few weeks later and, since then, has fallen more than 70%.
In Fitbit's initial public offering (IPO) prospectus, it was noted that one of the measures that the company used to "evaluate our business, measure our performance, develop financial forecasts, and make strategic decisions" was "paid.
Den vollständigen Artikel lesen ...