By Steve Moore | Wednesday 29 October 2014
Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.
Having seen its shares rocket in a ramparoonie special from 0.375p prior to a 22nd October announcement that “the US retail chain Target Corporation and UK supermarket J Sainsbury plc will stock Fitbug products in their wearables ranges from November 2014” to approaching 8p, Fitbug (FITB) has updated that, noting the recent move in its share price, it “wishes to announce that it continues to trade in line with the board's expectations” before a couple of hours later seemingly being made to further announce that “it knows of no reason for the move in its share price other than its agreements with Target Corporation and J Sainsbury plc to stock Fitbug products in their stores”. Now at 6.22p, capitalising the company at £10.5 million, what is the outlook from here?
Filed under:
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Thursday »
Wednesday »
Tuesday »
Monday »
Sunday »
Saturday »
Friday »
Thursday »
Wednesday »
Tuesday »
Time left: 20:06:30