|Bid||7.24 x 3200|
|Ask||7.25 x 42300|
|Day's Range||7.18 - 7.23|
|52 Week Range||5.85 - 7.24|
|Beta (5Y Monthly)||0.72|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 18, 2021 - Feb 22, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||7.35|
Every so often, typically around holidays, I ignore the advice of the great Satchel Paige, who allegedly said, "Don't look back, something might be gaining on you", and take a look back at what was happening a year ago, through the eyes of the Real Money columns I wrote at the time. Interestingly, that transaction, in which Alphabet was to purchase Fitbit for $7.35/share is still not done, as one agency after another reviews the transaction.
Human rights NGO, Amnesty International, has written to the EU's competition regulator calling for Google's acquisition of wearable maker Fitbit to be blocked -- unless meaningful safeguards can be baked in. The tech giant announced its intent to splash $2.1 billion to acquire Fitbit a year ago but has yet to gain regulatory approval for the deal in the European Union. In a letter addressed to the blocs competition chief, Margrethe Vestager, Amnesty writes: "The commission must ensure that the merger does not proceed unless the two business enterprises can demonstrate that they have taken adequate account of the human rights risks and implemented strong and meaningful safeguards that prevent and mitigate these risks in the future."
Fitbit (FIT) adds new voice assistant support feature and other health capabilities to recently released smartwatches.