Published February 10, 2016 9:28am EST | Updated February 10, 2016 11:04am EST

Salesforce CEO Marc Benioff Takes Stake In Fitbit

Fitbit shares rose 3.5% in pre-market trade Wednesday after Salesforce Chief Executive Officer Marc Benioff reported a 5.3% stake in the company. Benioff owns 5,311,824 shares in Fitbit , according to a filing. Shares of the stock have fallen 33% in one month, compared to the S&P 500's decline of 4%.