TELETRADER News
10/28/2019, 4:51 PM (Source: TeleTrader)
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Fitbit surges over 30% as reports link it to Alphabet

Fitbit surged over 30% on Monday after media reports said Google's parent Alphabet was interested in buying the fitness-tracking company. The company was first 6% higher and trading was halted for a short time on Wall Street, but once it resumed the jump continued.

Alphabet and Fitbit are already in talks, Reuters said.

Fitbit traded rose by 31.09% at 11:55 am ET while Alphabet's class C shares increased 1.80% at the same time.

Baha Breaking News (BBN) / VP