Fitbit (FIT) Dips, Rebounds After Apple (AAPL) Cuts Price of Entry-Level Watch

Fitbit (NYSE: FIT) shares have rebounded after slumping early Monday afternoon amid Apple's special event.

In part, Apple announced that the starting price of its Apple Watch would now be $299, down from $349 prior. The price cut relates to the entry-level Sport version of the wearable.

Apple also debuted new woven bands at today's event and unveiled a space black version of Milanese Loop, which previously only came in silver.

Following the dip, Fitbit is now up 2.2 percent on the trading session.

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