What happens to Fitbit stock after Google buys it?
With Fitbit stock becoming untradeable, Fitbit shareholders are wondering what will happen to it. As Google agreed to pay for the Fitbit acquisition in cash rather than stock or a mix of both, Fitbit stock will not convert to Google or Alphabet stock. What happens to Fitbit stock after Google buys it?
Is Fitbit's stock a good dividend grower?
Fitbit does not have a long track record of dividend growth. In the past three months, Fitbit insiders have not sold or bought any company stock. 18.60% of the stock of Fitbit is held by insiders.
What is the ticker symbol for Fitbit?
Fitbit trades on the New York Stock Exchange (NYSE) under the ticker symbol "FIT." What is Fitbit's stock price today? One share of FIT stock can currently be purchased for approximately $6.93.
What is it about Fitbit?
It also offers Fitbit online dashboard and mobile apps that sync automatically with and display real-time data from its wearable devices; and Fitbit Care, a connected health platform for health plans, employers, and health systems.
What happens to my Fitbit stock now?
For shareholders of Fitbit (FIT), we wanted to provide an update on your holdings. 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.
Is Fitbit still on the stock market?
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.
What is Fitbit stock?
Key Turning Points52-Week High7.34Last Price6.93Fibonacci 61.8%6.77Fibonacci 50%6.60Fibonacci 38.2%6.421 more row•Jan 14, 2021
Why did Fitbit stock drop?
Fitbit Inc. shares are plunging in Thursday trading after the wearables pioneer slashed its third-quarter and full-year forecasts, reflecting a disappointing showing for the lower-priced Versa Lite smartwatch, which launched earlier in the year.
Is Fitbit going out of business?
Fitbit is now a Google company – but now it's all about devices.
Is Fitbit stock a good investment?
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.
Did Google buy Fitbit?
Google confirmed in January 2021 that it had 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. Now that the deal is done, some might be concerned about the future of the fitness-focused company.
Is the Apple watch better than the Fitbit?
Fitbit vs Apple Watch: Battery life When it comes to battery life, Fitbit wins hands down, said Gebbie. "The Apple Watch offers an 18-hour battery life, which means you need to charge it every day, whereas many Fitbit trackers and watches can last for days or even weeks at a time without charging.
Will fit stock go up?
Based on our forecasts, a long-term increase is expected, the "FIT" stock price prognosis for 2027-06-18 is 534.436 USD. With a 5-year investment, the revenue is expected to be around +822109.23%. Your current $100 investment may be up to $822209.23 in 2027.
How were Fitbit's earnings last quarter?
Fitbit, Inc. (NYSE:FIT) issued its earnings results on Wednesday, August, 5th. The scientific and technical instruments company reported ($0.12) EP...
Who are Fitbit's key executives?
Fitbit's management team includes the following people: Mr. James Park , Co-Founder, Chairman, CEO & Pres (Age 44, Pay $2M) Mr. Eric N. Friedman...
Who are some of Fitbit's key competitors?
Some companies that are related to Fitbit include Capcom (CCOEY) , Omnicell (OMCL) , Super Micro Computer (SMCI) , Zepp Health (ZEPP) , One St...
What other stocks do shareholders of Fitbit own?
Based on aggregate information from My MarketBeat watchlists, some companies that other Fitbit investors own include PayPal (PYPL) , Netflix (NFL...
When did Fitbit IPO?
(FIT) raised $448 million in an IPO on Thursday, June 18th 2015. The company issued 29,900,000 shares at a price of $14.00-$16.00 per share. Morgan...
What is Fitbit's stock symbol?
Fitbit trades on the New York Stock Exchange (NYSE) under the ticker symbol "FIT."
What is Fitbit's stock price today?
One share of FIT stock can currently be purchased for approximately $6.93.
How much money does Fitbit make?
Fitbit (NYSE:FIT) has a market capitalization of $1.70 billion and generates $1.43 billion in revenue each year. The scientific and technical instr...
How many employees does Fitbit have?
Fitbit employs 1,684 workers across the globe.
What happens to Fitbit stock?
How much did Google buy Fitbit?
What happens with Fitbit stock now that it's untradeable? Fitbit stock becoming untradeable has to do with a deal the fitness device maker inked with Google more than a year ago. In Nov. 2019, Fitbit announced that Google would acquire it. Google agreed to purchase Fitbit for $7.35 per share, valuing the fitness specialist at $2.1 billion.
Is Fitbit a part of Alphabet?
Google agreed to purchase Fitbit for $7.35 per share , valuing the fitness specialist at $2.1 billion. Google fought Facebook for the chance to buy Fitbit. In the end, it agreed to spend more on the deal than it had intended.
Will Fitbit stock convert to Google?
Moreover, Fitbit should be a boost to Alphabet’s digital health business. Alphabet is the parent company of Google, self-driving and ride-hailing service provider Waymo, and life science startup Verily. Digital health is another promising space for Google and Alphabet in their bid to diversify outside advertising.
Is Fitbit stock removed from brokerage account?
As Google agreed to pay for the Fitbit acquisition in cash rather than stock or a mix of both, Fitbit stock will not convert to Google or Alphabet stock. Article continues below advertisement.
