Earnings last night, some insider selling but this kind of reaction was not expected.
No changes. No position yet.
Friday, May 10, 2019
Thursday, May 9, 2019
GoPro Inc. (GPRO 6.72) setting up
+6% on more than triple its average volume today. Earnings after the bell.
The point and figure says a push through 6.90 will make for a nice trade:
But the weekly chart convinces me to stay put until a break above 7.60:
No changes. No position.
The point and figure says a push through 6.90 will make for a nice trade:
But the weekly chart convinces me to stay put until a break above 7.60:
No changes. No position.
Thursday, May 2, 2019
Fitbit (FIT 4.95) -8%
FIT is down 8% on triple its average volume, today, and from 7ish in February despite a solid earnings report: revenue up 10% to $272 million, above guidance, and device growth accelerated, up 36% year-over-year, smartwatches increased 117% and trackers increased 17% yoy. This marks the first quarter of positive year-over-year growth for trackers since Q3, 2016.
Smartwatches comprised 42% of revenue from 30% of revenue a year ago. As part of our strategy of launching more affordable and accessible devices, we continue to grow our community of active users. Revenue from Fitbit Health Solutions also increased 70% to $30.5 million, represented 11% of total revenue.
No position yet
Read More from the earnings call transcript
Smartwatches comprised 42% of revenue from 30% of revenue a year ago. As part of our strategy of launching more affordable and accessible devices, we continue to grow our community of active users. Revenue from Fitbit Health Solutions also increased 70% to $30.5 million, represented 11% of total revenue.
No position yet
Read More from the earnings call transcript
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