Wall Street is finding reasons to be hopeful about Fitbit (NYSE: FIT) again. The stock has surged 35% higher in the past six months to nearly climb back into positive territory for 2017. That's a major turnaround considering shares had been down by 32% at one point in the year.
To be sure, Fitbit's business is still in contraction, with sales headed lower and losses mounting. However, operating trends are improving just in time for the critical holiday shopping season.
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Source: Fool.com