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Is Fitbit Stock (NYSE: FIT) at the Mercy of the Apple Watch?
The Fitbit stock price has seen a massive rise over the last week. Shares of FIT are up 9.1% since Sept. 3.
The majority of the gains came after Morgan Stanley reported that Fitbit dominates the wearable tech market over Apple.
But could the Apple Watch jeopardize Fitbit's long-term appreciation?
The Fitbit stock price has seen a massive rise over the last week. Shares of FIT are up 9.1% since Sept. 3.
The majority of the gains came after Morgan Stanley reported that Fitbit dominates the wearable tech market over Apple.
But could the Apple Watch jeopardize Fitbit's long-term appreciation?