Fitbit Investors Are Getting Too Excited About This Announcement
This week Fitbit (NYSE: FIT) announced a new partnership with DexCom (NASDAQ: DXCM), which makes devices for continuous glucose monitoring, to allow people with diabetes to easily view their glucose levels on Fitbit's upcoming Ionic smartwatch.
Fitbit's CEO James Park said in a press release: "With Ionic, we are focused on driving positive health outcomes and more health focused tools, and this collaboration is a wonderful example of how we plan to bring that vision to our users."
Image source: Fitbit.
Source: Fool.com
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