Is Fitbit Inc. (FIT) a Buy?
(WorldNews Business)

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. Image source: Getty Images. With that bigger picture in mind, let`s review the bullish and bearish arguments for owning the wearable specialist`s stock today. The foundation for a turnaround Fitbit has delivered plenty of good...