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20.09.2019 20:48:35

Fitbit shares soar more than 15% on reports it is exploring a sale

Fitbit Inc. shares soared more than 15% Friday, after reports that the company has hired an investment firm to explore a possible sale. The wearables company has hired Qatalyst Partners, according to CNBC, citing a person familiar with the matter. A deal is not imminent and may not happen, said the report. Retuers first reported news of a potential deal. Fitbit shares have fallen 14.5% in 2019, while the S&P 500 has gained 20%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
Weiter zum vollständigen Artikel bei "Market Watch"