Tech Five: Shares of Fitbit rising

Shares of fitness band maker Fitbit are on the move. Meanwhile, Verizon workers go on strike.

Let's look at tech stocks to watch Wednesday:

Fitbit. Shares are up more than 6% following positive comments from Citi analyst Stanley Kovler. According to Benzinga, Citi maintains a Buy rating on Fitbit with a price target of $30. Shares of Fitbit had dipped earlier this year after revealing its first smartwatch, but have slowly climbed back up since February.

Verizon. Nearly 40,000 employees of the telecommunications giant went on strike Wednesday seeking better benefits and working conditions. Negotiations between unions and Verizon have gone on for 10 months.

Facebook. The social network introduced its Messenger platform that will rely on chat bots to allow users to communicate with businesses. Partners including Bank of America, Expedia and eBay.

Amazon. The online retailer unveiled the luxury e-reader Kindle Oasis. It starts shipping later this month for $289.99.

Logitech. The electronics maker announced it acquired audio hardware company Jaybird for $50 million. The deal is expected to close in the coming weeks.

Follow Brett Molina on Twitter: @brettmolina23.