Update: Fitbit was crushed today, down more than 20%, ending at $13.08. Those in the ballpark include Entertainment Insight ($13.95), Chris Lau ($13.70) and SevenSeas Investment Research ($12.50).
More interesting is the long-term debate on the stock. Some see better days ahead for Fitbit shares. Others think the stock has room to fall further, maybe even past its 52-week low of $12.97. We encourage you to keep the conversation going here and in other stories covering the stock today.
We'll come back for more Market Challenge questions this week. We'll look at energy. Maybe we'll take a look at what's happening in the retail space?
Thanks for participating!
Fitbit (NYSE:FIT) beat expectations in its Q4 results released last night. But the shares tanked more than 15% in after-hours trading after the company delivered weak guidance for the first quarter. The stock is down more than 17% in trading so far this morning.
Today's Market Challenge asks readers if the rout in shares will continue today.
How much will Fitbit stock tumble during trading today? (Or can shares climb?)
Furthermore, does the stock deserve this pummeling or is the selling overdone? Bull & Bear Trading suggests Fitbit is oversold. Stone Fox Capital says the stock's valuation is now compelling. That said, short interest is high.