Fitbit Stock Trading Below IPO Price For First Time

fitbit

Fitbit’s stock price fell to $18.50 on Monday, the lowest it has been since going public.

By Jason Cipriani.

Fitbit’s rough week continues as the company’s shares are now trading below its $20 IPO pricing for the first time since going public in June.

Last Tuesday, Fitbit  FIT 1.70%  dropped 18% and continued to fall throughout the rest of the week.

On Monday, Fitbit shares were down 13% at one point during mid-day trading hitting an all-time low of $18.50.

Read more at Fortune.

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