Fitbit stock jumps as smartwatches fuel growth

Fitbit’s stock price jumped in after-hours trading and is currently trading around $6.00 a share, off its 52-week intraday high of $7.79.
The company today announced its latest quarterly numbers, which saw the average selling price of its wearables increase 6 percent year-over-year to $106 a device. New devices introduced within the last year represented 59 percent of the company’s revenue.
Smartwatches were a high-point for Fitbit this quarter. The company stated that its higher-pri