Tech Stocks Indications! Fitbit (FIT), SolarCity (SCTY)
Shares of Fitbit Inc (NYSE:FIT) ended Thursday session in red amid volatile trading. The shares closed down -0.32 points or -2.27% at $13.78 with 4.79 million shares getting traded. Post opening the session at $14.26, the shares hit an intraday low of $13.74 and an intraday high of $14.26 and the price vacillated in this range throughout the day. The company has a market cap of $3.13 billion and the numbers of outstanding shares have been calculated to be 222.15 million shares.
Fitbit Inc (FIT) announced pre-sale global availability of the highly anticipated accessory collection created in collaboration with New York design house PUBLIC SCHOOL for Fitbit Alta™. First debuted at New York Fashion Week in February 2016, the PUBLIC SCHOOL accessories blend aspirational runway fashion with edgy, urban street-style, elevating the sleek design of Alta by bringing its unique aesthetic to the device’s easily interchangeable accessory bands. Available for pre-order at Fitbit.com, the PUBLIC SCHOOL for Fitbit Axis Accessory Band and Type-III Paracord Bracelet will begin shipping globally in November, with additional print band designs available in 2017.
Shares of SolarCity Corp (NASDAQ:SCTY) ended Thursday session in green amid volatile trading. The shares closed up +0.65 points or 3.25% at $20.64 with 4.76 million shares getting traded. Post opening the session at $20.98, the shares hit an intraday low of $19.62 and an intraday high of $21.39 and the price vacillated in this range throughout the day. The company has a market cap of $2.10 billion and the numbers of outstanding shares have been calculated to be 100.27 million shares.
SolarCity Corp (SCTY) announced that it has created a new fund to finance more than $300 million in solar projects with Credit Suisse. The fourth such collaboration between SolarCity and Credit Suisse will allow thousands of homeowners in the U.S. to pay less for solar electricity than they pay for utility bills.
The fund represents another new financing for SolarCity, following a $305 million cash equity financing and a fund to finance $347 million in projects with Citi that closed last month.