Does Fitbit have a stock?

Fitbit shares were halted from pre-market trading on the New York Stock Exchange Thursday after changing hands at $6.93 each. The stock has surged more than 60% since the day prior to the first news of the Google purchase in November 2019.

How much is Fitbit stock worth?

Key Turning Points

What is going on with Fitbit stock?

Fitbit has been acquired by Google. As a result, FIT was delisted from the New York Stock Exchange prior to the market opening on 1/14/2021. Shareholders of Fitbit will receive $7.35 cash for every FIT share held.

Will Fitbit shares go up?

Fitbit Inc – Class A quote is equal to 0.220 USD at 2022-02-13. Based on our forecasts, a long-term increase is expected, the “FIT” stock price prognosis for 2026-12-16 is 636.427 USD. With a 5-year investment, the revenue is expected to be around +289185%. Your current $100 investment may be up to $289285 in 2027.

Who owns Fitbit stock?

Google
Google now owns Fitbit | Engadget.

Is Fitbit private or public?

public company
In June 2015, the company became a public company via an initial public offering, raising $732 million.

How can I buy Fitbit stock?

Fitbit stock can be bought through any reputable broker with access to trade stocks listed on the New York Stock Exchange (NYSE). If your objective is to buy FIT as an investment and hold the stock in a trading account for long term capital appreciation, then you could open an account with a discount broker.

Is Fitbit owned by Google?

Google recently confirmed that it has finally completed its acquisition of the wearable fitness giant Fitbit. It had been more than one year since Google first announced the planned acquisition of the brand and, now that the deal is done, some might be concerned about the future of the fitness-focused company.

Why is Fitbit stock suspended?

Shares in fitness device maker Fitbit were suspended on Monday after a report said Google had bid to buy the firm. Reuters reported that the companies were in negotiations but no deal had been agreed. The move would enable Google to produce its own smartwatches. It already develops a version of Android for wearables.

Is it good to buy Fitbit stock?

Pros of Buying Fitbit Stock FIT Stock may be undervalued: According to some stock analysts, with present and forward earnings improving at the current rate, FIT stock should currently have a value of $6 per share. Therefore, the selloff in the stock since the first quarter earnings release may be overextended.

Who bought out Fitbit?

Fitbit, the maker of the smartwatch, has been bought by Google, after the sale was finally approved by regulators. First announced in late 2019, the $2 billion Fitbit deal has come under a huge amount of scrutiny.