shares soared more than 15% Friday, after reports that the company has hired an investment firm to explore a possible sale. The wearables company has hired Qatalyst Partners, according to CNBC, citing a person familiar with the matter. A deal is not imminent and may not happen, said the report. Retuers first reported news of a potential deal. Fitbit shares have fallen 14.5% in 2019, while the S&P 500
has gained 20%.
Go to Source