$FIT is one of biggest losers #stocks today. read more:

Fitbit, Inc. Class A Common Sto (symbol: FIT) was one of the worst losers
of the trading day today (2016-02-23), losing -20.82%. The number of shares
that changed hands was 40,468,411, or about 6 times the average daily
volume in the stock.
The closing price was $13.08, amounting to a market cap of $2,710,000,000,
about -74.8% off the highest price in the last 12 months. The stock has
been trading at a range between $12.9 and $51.9.
FIT is in the Computer Manufacturing industry, part of the Technology
sector. It first went public in 2015.
Looking at its valuation, the stock is now trading at 21.98 times earnings.