Fitbit Stock Forecast After Google Acquisition

Fitbit's stock price soared 17% friday after google agreed to buy the wearables company for $2.1 billion, or $7.35 per share in cash. (goog), said it has completed its acquisition of smart wearables maker fitbit.

Google fitbit in 2020 Fitbit, Google fitbit, Probe

Edt friday after alphabet's (nasdaq:goog) (nasdaq:googl) google finally agreed.

Fitbit stock forecast after google acquisition. Googl stock traded higher by 1% on a strong day for the market. Live to support the launch of fitbit's newest. Fitbits stock was halted after skyrocketing more than 18%, according to cnbc.

Fitbit's stock price soared 17% friday after google agreed to buy the wearables company for $2.1 billion, or $7.35 per share in cash. Now, 11 months after the deal announcement, shares of fitbit. The news sent fitbit stock soaring 15.5%.

Shares of fitbit were up 15.7% as of 3:30 p.m. When the reuters report detailed googles interest, fitbit stock rose 30%. Alphabet inc.s (googl) google is seeking approval from the european union (eu) commission to complete its acquisition of fitbit by offering to not use the acquired data for ad targeting.in a.

Jan 15, 2021 12:37am est. Fitbit stock closed friday, oct. That huge growth after ongoing trade war.

Fitbits all time high share price was $51.90. It closed thursday at $6.18. Fitbit currently trades at a.

As it turned out, the rumours were true after all. Google will pay $7.35 per share in cash for the acquisition, fitbit said. Posted on december 17, 2020.

After jumping more than 18%, fitbit's stock was halted, but later resumed trading and ended the day up 30.5%. The deal calls for alphabet to buy fitbit stock shares for $7.35. The company went public in june 2015 at $20 a share, nearly triple the deal.

Fit) was up by about 40% since monday, after reports emerged that google had made an offer to acquire the fitness tracking pioneer. The stock resumed trading and was up more than 23% monday afternoon, adding more than $250 million to. Fitbit is now to be part of googles range of companies.

25, at $4.31 and leaped nearly a third to $5.64 on monday. Alphabet 's ( nasdaq:goog) ( nasdaq:googl) subsidiary google just closed the $2.1 billion buyout of wearable devices specialist fitbit. This was confirmed today with news of.

Google cfo expects fitbit acquisition to clear by end of year. Now google is buying fitbit at $7.35 a share, in a deal valued at $2.1 billion. News of the offer sent fitbit's stock soaring, cnbc reports.

Moreover, fitbit stock trades more than 8.0% below googles acquisition price. The online services giant said that the. Even amid a crackdown on tech acquisitions, google has managed to win european union approval for its $2.1 billion purchase of.

Fitbit stock is rallying in tuesday trading, rising 5.9% to a recent $6.97. Fitbit (fit) stock has gained 43% in the last three trading days. Fitbits stock surged 16%, while shares of alphabet were up about 0.8%.

Fitbit cut its 2019 revenue forecast in july, blaming disappointing versa lite sales. The accc will continue to investigate the acquisition of fitbit, inc (fitbit) by google llc (google), which has now been completed despite the acccs ongoing public review of the transaction. At the time, that represented a significant premium to fit stock.

fitbit surges 17% after. After days of rumors and reports, fitbit has been acquired by google for $2.1 billion. Fitbit stock had lost roughly 70% in value from its initial $20.00 price.

Currently trading at about $6.74 per share, fitbit stock is down 5.6% since the company agreed to sell to google. However, this is still well below. With google deal in doubt, fitbits stock looks cheap.

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