Why Fitbit Inc (NYSE:FIT) is poised to deliver a strong second quarter, relative to analyst expectations. if so, FIT stock should soar.
Fitbit Inc (NYSE:FIT) management was naive to think FIT stock could survive two years with no new smart watch.
A two year chart shows just how fast Fitbit Inc (NYSE:FIT) revenue and unit sales have fallen. It doesn’t bode well for FIT stock owners.
Accelerated growth, diversification, and UA stock appreciation are three reasons Under Armour Inc (UA) (UAA) might actually acquire Fitbit Inc (NYSE:FIT).
RH (NYSE:RH) stock surged 25% after the company launched a $300 million buyback. Hopefully, Fitbit Inc (NYSE:FIT) and FIT stock owners paid attention.
These two stocks to short could be in your portfolio, or on your radar. Both have great performance and are seemingly going higher.
With very little FIT stock interest, and past skepticism, a realism of the issues, valuation, and catalysts suggests that Fitbit stock will go much higher.