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Fitbit (FIT) Stock Spikes Over 40% on News of Google Parent Acquisition; Buy the Rumor

Fitness company Fitbit has grabbed the limelight recently due to news of possible acquisition by Alphabet. It has been two days since the news broke but until now there’s no confirmation, suggesting that other companies are also vying for the smartwatch-maker. The rumors will likely keep shares soaring as traders speculate on the acquisition price.…