Forget Fitbit Inc, This Stock Could Be A Better Wearables Play

Many investors probably think of Fitbit (NYSE: FIT) as the most straightforward way to invest in the growing wearables market. However, shares of Fitbit have fallen more than 70% over the past 12 months due to concerns about slowing sales, declining margins, and rising competitors. Yet during that same period, Garmin (NASDAQ: GRMN) -- the unloved GPS and wearables maker, which has been losing relevance to smartphones and fitness trackers -- rallied 26% to a 52-week high.

Topics:  fitbit nyse   fit    garmin nasdaq   grmn    gps   fitbit   garmin   stock   wearables play   
BING NEWS:
  • Fitbit Users Get A Surprise Upgrade
    A couple of great stats are being added to the Fitbit experience: Cardio Load and Target Load. And thanks to the way they are implemented, even older models are in.
    12/19/2024 - 3:08 am | View Link
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