Fitbit (NYSE: FIT)is starting off the week with a bang, with shares finishing Monday up 15%. While the company did happen to announce global availability of its new Ace wearable fitness tracker for kids today, that device was initially unveiled in March. Ace does have some potential to boost Fitbit's unit volumes, perhaps building on the momentum of Versa, but retail availability isn't the type of news that would cause this kind of market reaction.
Why Fitbit Shares Jumped Today
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