App downloads give Fitbit share price a healthy boost

January 1, 2017 at 4:20AM
Gopi Doniparthi, 52, who works in Transunion walks along Riverwalk on Thursday, November 3, 2016 in Chicago, IL. He wears Fitbit and his goal is 40.000 steps a day. (Zbigniew Bzdak/Chicago Tribune/TNS) ORG XMIT: 1193870
Fitbit watches and wristbands were a big gift item for Christmas. Fitbit’s stock hit $7.74 on Tuesday. (The Minnesota Star Tribune)

Looking fit: Shares in Fitbit climbed 6.2 percent to $7.74 Tuesday after the fitness tracker company's app became the second-most downloaded in the iTunes store. The stock finished the week at $7.32.

Factory fallout: Endologix plunged 20.2 percent to $5.74 Tuesday after the drugmaker said that the FDA has ordered it to cease shipping a device used to treat abdominal aortic aneurysms because of manufacturing problems. The company said that no clinical problems have been reported. Endologix shares finished Friday at $5.72.

Poison pill: Fred's Inc. dropped 4.2 percent to $18.80 Wednesday on a published report indicating that the regional drugstore chain has adopted a "poison pill" to discourage an activist investor from interfering with the company's plan to buy 865 Rite Aid stores. The shares closed Friday at $18.56.

Short thrift: Nvidia slumped 6.6 percent Wednesday to $109.55 after short seller Citron Research said it expects the chipmaker's shares, which have tripled in value this year, to fall substantially. The stock closed Friday at $106.74.

Financial lifeline: Sears Holdings surged 5.5 percent to $8.65 Thursday after the struggling retailer said it obtained a letter of credit that the company can use to fund its operations. The stock closed Friday at $9.29.

All that glitters: Rising gold prices fueled a gold mining sector rise Thursday, sending Newmont Mining shares up 8 percent to $35.27. Another big riser: Barrick Gold Corp., which increased 7 percent to $16.39. Newmont shares closed the week at $34.07; Barrick finished at $15.98.

about the writer

about the writer

News Services

More from Business

See More
Hennepin Healthcare Clinic and Specialty Center,l 8th Street between Park Av and Chicago Av.
The Minnesota Star Tribune

Minneapolis-based Hennepin Healthcare says it also will suspend contributions to some worker retirement plans while pausing $24 million in capital projects.

The newly renovated Parkway Theater is next door to the new restaurant El Burrito Mercado.
card image