Tag Archives: bad-request

Fitbit stock jumps after getting healthy report

Fitness tracker maker Fitbit (FIT) jumped nearly 5% on Tuesday after receiving a healthy report from investment bank Robert W. Baird & Co. Fitbit stock rose 4.9% to 42.15 on the stock market today, 23 cents shy of an all-time closing high. Fitbit shares hit their record high of 44.38 on Thursday. The San Francisco-based company made its IPO on June 18 at 20. Baird analyst William Power initiated coverage of Fitbit with an outperform rating and a price target of 52.

EA shoots to record high on upbeat report

Electronic Arts (EA) saw its stock hit a record high on Tuesday after receiving a price target bump from investment bank UBS. EA stock closed at 69.89, up 2.8%, and earlier rose as high as 69.95. UBS analyst Eric Sheridan said EA stock still has room to run despite rising 45% this year through Monday. He upgraded his rating on EA stock to buy from neutral and raised his 12-month price target to 80 from 65. “Over the past several quarters, EA’s management has delivered a series of upside surprises on both top and bottom lines driven by strong title performance, higher gross margins from digital sales (led by growth in extra content, free-to-play and mobile gaming), and cost efficiencies,” Sheridan said in a research report Tuesday. “Despite the rise in EA shares during this time, we see continued runway for outperformance.” Sheridan pointed to EA’s upcoming video game slate,…

FCC Aims To Keep Airwave Auction On Track For 2016

The Federal Communications Commission next week aims to take a big step toward making a wireless spectrum auction happen in the first half of 2016, though TV broadcasters continue to make noise over proposed rules. The agency on July 16 aims to vote on a complex structure for the “Broadcast Incentive Auction.” AT&T (T), Verizon Communications (VZ), T-Mobile US and possibly Sprint (S) are expected to bid for airwaves in the auction. If the auction