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TechFive: Wall Street gets FIT


After a week of positive market anticipation, Fitbit begins trading on the New York Stock Exchange Thursday. The San Francisco-based fitness company has set its initial stock price at $20 -- giving the company a potential $4.1 billion value at its initial public offering.

Let's take a look at the other tech stock to watch for Thursday:

Fitbit (FIT)

Fitbit, which faces competition against other wearable health-trackers such as Nike+, Apple Watch, and Samsung Gear, will begin trading under the NYSE ticker FIT. The company originally set its share price from $14 to $16, but increased the share price range by $3 in a regulatory filing Tuesday.

AT&T (T)

The Federal Communications Commission fined AT&T Mobility $100 million for allegedly misleading customers about its "unlimited" mobile data plans, failing to notify them of slower network speeds. The telecommunications company said it will "vigorously dispute" the FCC's assertions.

Google (GOOG)

Google Nest unveiled a new home monitoring camera Wednesday. Nest Cam, which will cost $199, comes along with a cloud-based subscription service that will allow the user to save 10 days of continuous footage captured on the device. As of morning trading, Google's shares were up almost 1%.

Oracle (ORCL)

After Oracle's quarterly earnings and revenue fell short of Wall Street expectations, company shares were down almost 6% in after hours trading Wednesday. The multi-national computer technology company blamed the strong dollar for negatively affecting their overseas sales.

Apple (AAPL)

Apple is making a pretty penny from sales of Apple Watch bands, according to data provided to Reuters. After dolling out hundreds for the watch, many buyers are also purchasing more than one band to accessorize with. As of morning trading, company shares were slightly up.