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Why Fitbit Inc. Stock Jumped 17% in August

TheMotleyFool

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Why Fitbit Inc. Stock Jumped 17% in August

Fitbit (NYSE: FIT) shareholders saw their stock gain 17% last month, according to data provided by S&P Global Market Intelligence.

Shares are still in deeply negative territory so far in 2017, though, and the wearables specialist's stock remains lower by almost 70% since the start of 2016.