Stocks in Action: Fitbit, Inc. (FIT), FuelCell Energy, Inc. (FCEL), Joey New York, Inc. (JOEY)

Fitbit, Inc.  (NYSE:FIT) was moving on trading-volume of 7.31 million shares in the recent trading session versus its average trading volume of 6.03 million shares. The share price increased 1.34% and reached at $7.49. The market capitalization of the stock remained 1.79 billion.

Fitbit, Inc.  (FIT) on June 11, 2018 announced the availability of Fitbit Ace™ at major retailers worldwide for $99.95 (USD). Designed for kids ages 8 and older, Ace motivates with customizable step, active minute and sleep goals, celebratory messages and badges, and challenges for the whole family. With an adjustable, showerproof wristband available in two vibrant colors and up to 5 days battery life,i Ace is designed to keep pace with kids’ busy lives. With Ace, parents are in control and can manage who their children connect with and what information they see in the Fitbit app that will motivate them most.

With childhood obesity rates continuing to riseii and two in three kids inactive every day,iiiparents are looking for ways to encourage a more healthy, active lifestyle. According to a Fitbit study, parents cite screen time as an ongoing challenge in getting their kids to be active (58%).iv Seventy-five percent of parents said they are interested in the use of fitness trackers to help them keep their kids active.iv

FuelCell Energy, Inc. (NASDAQ:FCEL), so far this trade, showed that 1.3 million shares were exchanged versus the average volume of 728.43K shares. The stock began today’s trade at $1.87 and was recently trading at $1.75, shrinking -4.60%. The market capitalization after this change moved to 163.86 million.

FuelCell Energy, Inc. (FCEL) recently announced the award of 22.2 megawatts of fuel cell projects by the Connecticut Department of Energy & Environmental Protection (DEEP). Bids were submitted at the end of March under a request for proposals issued by DEEP on January 31, 2018.

The FuelCell Energy projects selected include:

  • A 14.8 megawatt project located in Derby, CT.
  • A 7.4 megawatt project located in Hartford, CT.

Next steps in project development include working with the local distribution utilities to finalize the power purchase agreements, obtaining siting approvals and interconnection agreements, and finalizing site engineering. These projects will provide clean baseload power, grid resiliency benefits and renewable energy credits to the Connecticut utilities under 20 year power purchase agreements.

In the current trading session, Joey New York, Inc. (OTCBB:JOEY) traded 12,630.00 shares versus the average volume of the stock remained 16,228 shares. The 52 week range of the stock remained $0.02 – $1.05. The stock was a bear and declined -15.00%, while its trading price stayed at $0.085. The market capitalization of the stock reached 1.68 million.

Joey New York, Inc., through its subsidiary, RAR Beauty, LLC, manufactures and markets natural skin care and beauty products in the United States and Internationally. The company operates through The LABB, Aesthetic Beauty Bar; and Joey New York Cosmetics divisions. The LABB, Aesthetic Beauty Bar division provides injectable services, which eliminate unwanted wrinkles by performing Botox and filler injections. The company offers its products under the Joey New York brand. It offers its products through retailers, professional salons, spas, and beauty Websites.

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