Diamonds and Dogs
Fitbit (FIT) a little bloated following the holidays. The wearable health and fitness tracking device maker is down following disappointing 2017 guidance, slower sales, and a structuring including a 6% cut to the workforce. Not a good way to start the New Year.
Not many stocks are trading higher today. Calithera Biosciences (CALA) is jumping 54% to a new high following a collaboration with Incyte Corp for a $45 million up-front investment and collaboration to develop & commercialize CB-1158 drug for attacking cancerous tumor cells. Good news for Calithera and patients.
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