The Zacks Analyst Blog Highlights: Google, Fitbit, Apple, Facebook and Amazon
Chicago, IL – November 19, 2019 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Google GOOGL, Fitbit FIT, Apple AAPL, Facebook FB and Amazon AMZN.
On November 1st, Google announced it would acquire smart wearables company Fitbit for $2.1 billion. This price represents a considerable discount from the $10 billion market cap that FIT was trading at following its IPO in mid-2015. This stock has done nothing but break down since, as consumer demand for the product faded.