Shares of Fitbit (FIT) Sees Large Inflow of Net Money Flow

Fitbit (FIT) : Tuesdays money flow points at investors jumping to buy the stock on the weakness of price. $19.66 million worth of transactions were on upticks, whereas, the downticks accounted for $17.92 million worth of transactions. The net money flow was a positive $1.74 million and the uptick to downtick ratio was 1.1. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 0.93 in their favor. The net money flow into the stock was $-0.19 million. The value of block trades done on downticks was only $2.71 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $2.52 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Fitbit (FIT) was trading at $13.55, down $0.13 during day. The stock slid -0.95% over the previous days close. For the week, the stock recorded 0.89% over the previous weeks close.


The company Insiders own 37.29% of Fitbit shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -6.67% . Institutional Investors own 46.86% of Fitbit shares. During last six month period, the net percent change held by insiders has seen a change of -96.05%. In an insider trading activity, Missan Andy, officer (EVP, GC, & SECRETARY) of Fitbit Inc, unloaded 10,000 shares at an average price of $12.35 on July 6, 2016. The total amount of the transaction was worth $123,500, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Shares of Fitbit Inc. appreciated by 9.75% during the last five trading days but lost 4.18% on a 4-week basis. Fitbit Inc. has dropped 10.83% during the last 3-month period . Year-to-Date the stock performance stands at -54.34%.

Fitbit (NYSE:FIT): On Tuesdays trading session , Opening price of the stock was $13.39 with an intraday high of $13.75. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $13.2. However, the stock managed to close at $13.51, a loss of 1.24% for the day. On the previous day, the stock had closed at $13.68. The total traded volume of the day was 7,749,216 shares.

Fitbit, Inc. (Fitbit) is a provider of health and fitness products. The Companys Fitbit 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 fitness plans and interactive workouts. It offers a number of fitness products, including Fitbit Zip, Fitbit One, Fitbit Flex, Fitbit Charge, Fitbit Charge HR, Fitbit Surge and Aria. Its wrist-based and clippable devices automatically track users daily steps, calories burned, distance traveled, floors climbed, and active minutes and display real-time feedback to encourage them to become more active in their daily lives. Fitbit Premium is its membership that serves as an around the clock virtual personal trainer delivered to users through any Web browser. It operates FitStar, a provider of interactive video-based exercise experiences on mobile devices and computers.

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