28th Oct 2014 14:39
LONDON (Alliance News) - Fitbug Holdings PLC Tuesday said it is continuing to trade in line with board expectations, less than a week after it said US retail chain Target Corp and UK supermarket J Sainsbury PLC will stock its products in their wearables ranges from November.
Fitbug was responding to a sharp rise in its share price Tuesday, as its shares were up more than 100%.
The company then issued another statement later Tuesday, stating that it "knows of no other reason" for the move in its share price. Shortly after that statement Tuesday afternoon, Fitbug shares were trading 66.7% higher at 6.50 pence.
By Samuel Agini; [email protected]; @samuelagini
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