Notable News Review: Fitbit Inc (NYSE:FIT), Gevo, Inc. (NASDAQ:GEVO)

On Wednesday, Shares of Fitbit Inc (NYSE:FIT), subtract -0.52% and closed at $13.42 in the last trading session. The last trading range of the stock ranges between $13.22 and $13.62. The company’s Market capitalization is $2.89 Billion with the total Outstanding Shares of 222.15 million. During the 52-week trading session the minimum price at which share price traded, registered at $11.65 and reached to max level of $41.97. Fitbit (FIT), the leader in the connected health and fitness market, recently declared pre-sale global availability of the highly anticipated accessory collection created in partnershipwith New York design house PUBLIC SCHOOL for Fitbit Alta™. First debuted at New York Fashion Week in February 2016, the PUBLIC SCHOOL accessories blend aspirational runway fashion with edgy, urban street-style, elevating the sleek design of Alta by bringing its unique aesthetic to the device’s easily interchangeable accessory bands. Available for pre-order recently at, the PUBLIC SCHOOL for Fitbit Axis Accessory Band and Type-III Paracord Bracelet will begin shipping globally in November, with additional print band designs available in 2017.

“One of my favorite things about PUBLIC SCHOOL’s designs is the range—they mix sportswear and tailoring, pair high and low with ease, and present as both upscale and edgy,” said Eugene Tong, stylist for PUBLIC SCHOOL shows and contributing fashion editor and market director, Men’s at W Magazine. “The unexpected marriage of PUBLIC SCHOOL’s aesthetic with Fitbit’s innovative technology brings that unique range of style to people in a way that will assist fit fitness into their daily lives and provide them with an exciting opportunity to coordinate technology to personal style, mood and activities.”

Gevo, Inc. (NASDAQ:GEVO), dropped -5.72% and closed at $0.430 in the last trading session. The last trading range of the stock ranges between $0.42 and $0.46. The company’s Market capitalization is $38.34 million with the total Outstanding Shares of 128.07 million. Gevo, Inc. (GEVO), declared recently that it has accomplished production of the world’s first cellulosic renewable jet fuel that is specified for commercial flights.  Gevo successfully adapted its patented technologies to convert cellulosic sugars derived from wood waste into renewable isobutanol, which was then further converted into Gevo’s Alcohol-to-Jet fuel (ATJ) fuel. This ATJ meets the ASTM D7566 specification allowing it to be used for commercial flights. The revisions to the ASTM D7566 specification, which occurred earlier this year, includes ATJ derived from renewable isobutanol, regardless of the carbohydrate feedstock (i.e. cellulosics, corn, sugar cane, molasses, etc.).

Gevo produced over 1,000 gallons of the cellulosic ATJ.  Alaska Airlines is expected to fly the first commercial flight using this cellulosic jet fuel in the next few months. Gevo believes that this would be the first ever commercial flight flown with a cellulosic renewable jet fuel.  This follows on the back of the two commercial flights that were flown by Alaska Airlines on Gevo’s ATJ in June of this year.  The ATJ for the June flights was derived from isobutanol produced at Gevo’s Luverne, MN, production facility using sustainable corn as the sugar feedstock.

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