Alphabet's (NASDAQ:GOOG, NASDAQ:GOOGL) Google said Thursday it has completed its $2.1 billion acquisition of Fitbit (NYSE:FIT). "This deal has always been about devices, not data, and we've been clear since the beginning that we will protect Fitbit users' privacy," said Google.
I personally am going 30 days out and buying today as the stock like most is down and it will be relatively cheap. I believe that will give traders plenty of time to realize google bought FITBIT. I am also going further out knowing that Google will turn this company around and make it profitable.
Trading was halted due to corporate action. Lots of positions get reorganized after mergers and acquisitions. Hopefully things we’ll be able to open/close positions again this week?
mthompson45
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@mmachemist, I hope so because I have trade open since before the corporate action and by trade expires this Friday. I have a 5.50 Call but since the stock has been halted I have not be able to capture any gains.
Kaysharee03
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I been watching this stock, wanting to purchase but haven't been able to, do you have an idea why?