News articles about Fitbit (NYSE:FIT) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies negative and positive press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Fitbit earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned news headlines about the scientific and technical instruments company an impact score of 45.6988300490674 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
These are some of the news articles that may have impacted Accern’s scoring:
- Analyzing Fitbit (FIT) and IntriCon (IIN) (americanbankingnews.com)
- The battle of the basic wearables (theverge.com)
- Fitbit’s brand-new Apple Watch killer is available to pre-order now — here’s where you can buy one (uk.businessinsider.com)
- ‘Fitbit for cows’ set to revolutionise beef industry from paddock to plate (abc.net.au)
- Apple Rides on Wearables, Rumored to Launch Watch Series 4 (finance.yahoo.com)
Shares of NYSE FIT traded up $0.19 during midday trading on Thursday, hitting $5.10. The company’s stock had a trading volume of 4,907,315 shares, compared to its average volume of 5,980,156. The firm has a market capitalization of $1,016.05, a PE ratio of -4.29 and a beta of 2.14. Fitbit has a 1-year low of $4.67 and a 1-year high of $7.32.
In other Fitbit news, Director Jon Callaghan sold 15,000 shares of the business’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $5.91, for a total transaction of $88,650.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Andy Missan sold 5,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $5.17, for a total transaction of $25,850.00. Following the transaction, the executive vice president now directly owns 125,127 shares of the company’s stock, valued at $646,906.59. The disclosure for this sale can be found here. Insiders have sold a total of 60,000 shares of company stock valued at $316,750 over the last three months. 29.10% of the stock is currently owned by company insiders.
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Fitbit, Inc is a provider of health and fitness devices. The Company’s platform combines connected health and fitness devices with software and services, including an online dashboard and mobile applications, data analytics, motivational and social tools, personalized insights and virtual coaching through customized fitness plans and interactive workouts.
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