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Tech Stocks Indications – Fitbit Inc (FIT), SolarCity (SCTY)

Shares of Fitbit Inc (NYSE:FIT) ended Thursday session in red amid volatile trading. The shares closed down -0.08 points or -0.60% at $13.34 with 5.90 million shares getting traded. Post opening the session at $13.26, the shares hit an intraday low of $13.14 and an intraday high of $13.48 and the price vacillated in this range throughout the day. The company has a market cap of $2.95 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.

“One of my favorite things about PUBLIC SCHOOL’s designs is the range—they mix sportswear and tailoring, pair high and low with ease, and present as both upscale and edgy,” said Eugene Tong, stylist for PUBLIC SCHOOL shows and contributing fashion editor and market director, Men’s at W Magazine. “The unexpected marriage of PUBLIC SCHOOL’s aesthetic with Fitbit’s innovative technology brings that unique range of style to people in a way that will help fit fitness into their daily lives and provide them with an exciting opportunity to coordinate technology to personal style, mood and activities.”

Shares of SolarCity Corp (NASDAQ:SCTY) ended Thursday session in red amid volatile trading. The shares closed down -0.05 points or -0.25% at $19.94 with 1.59 million shares getting traded. Post opening the session at $19.67, the shares hit an intraday low of $19.45 and an intraday high of $20.03 and the price vacillated in this range throughout the day. The company has a market cap of $2.06 billion and the numbers of outstanding shares have been calculated to be 100.27 million shares.

SolarCity Corp (SCTY) announced that it has launched residential solar service in South Carolina. The nation’s number one solar power provider will make it possible for many local homeowners to immediately pay less for solar each month than they previously paid for utility bills and be eligible for thousands in additional dollars from applicable tax credits.

SolarCity expects to open a local operations installation center in the Charleston area at the end of October, and is actively hiring solar installers and salespeople now.

SolarCity’s expansion into South Carolina is due in large part to the introduction of a new solar loan earlier this summer. SolarCity offers residents the option to choose 10-year or 20-year loan options or purchase their systems outright. All options include design and local installation, monitoring and a performance guarantee. The loans allow customers to prepay their entire balance or a portion of their loan to lower their monthly payments at any time, with no fees or penalties. SolarCity will also provide and install a Nest Learning Thermostat at no additional cost for qualifying customers.

 

 

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