Best stocks to invest in
Fitbit Inc. FIT was a big mover last session, as the company saw its shares rise more than 13% on the day. Shares moved up after the company announced that it has sold more than one million Fitbit Blaze and Fitbit Alta devices each in their first month. This led to solid volume too with far more shares changing hands than in a normal session. This stock, trading in a volatile price range of $12.41 to $15.28 in the past one-month time frame, showed a pick-up yesterday at $15.15.
None of the estimates for this Electronics-measuring instrument stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Fitbit has a Zacks Rank #3 (Hold), while its Earnings ESP is 0.00%.
However, a better-ranked stock in the same space is Orbotech Ltd. ORBK, sporting a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
ORBOTECH LTD (ORBK): Free Stock Analysis Report
FITBIT INC (FIT): Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
– Best stocks to invest in