$FIT is trading well today after nearly hitting the $5 mark yesterday. The company has about 750M in cash on the balance sheet and was trading near a 1B valuation at the lows in yesterday’s session. Valuation, the stock is cheap, and many seem to agree with prices running higher today. Here’s my tweet yesterday:
Just a reminder that $FIT is trading near cash. Talk about thrown out with the bathwater. Someone will take them out at these levels.
— Cajun (@RaginCajun) May 31, 2017
The stock is back on the runner screen along with nearly 200+ tickers in today session. Indeed, the first of the month buy program is in full effect. Have a look at today’s screen HERE.
Oil, however, went negative on the session, but stocks seem to be holding in for now. Let’s see how we close today.