'We see more downside to the stock as revenues struggle to stabilize and cash burn resumes': Report
Fitbit shares moved sharply lower on worse-than-expected fourth quarter results, but traders will be watching these key support levels.
Read about Fitbit and its position in the wearable fitness device market, and learn more about how it has performed since its June 2015 IPO.
While most Millennials remain averse to trading, they gravitated toward tech and cryptocurrency.
Fitbit shares recently hit a new 52-week high but remain below this key trendline resistance level.
FitBit shares moved lower amid concerns over smartwatch competition and profit taking from a recent rally.
Notably, over the same period, basic fitness trackers posted their first ever decline.
Analysts suggest management is likely to lift 2018 estimates based on new deals in the pipeline.
Oppenheimer says Fitbit's new Ionic could convince investors to pay more for the beaten-down stock.
The struggling company launched its long-awaited smartwatch, dubbed the Iconic.