3 Week Old Fenix 5 - Wacky Altimeter

Three weeks old. Finally adjusted the altimeter and now it's all over the place. Used GPS to calibrate the altimeter and it looked like it got the right altitude.
All was good for about an hour and then the altimeter is all over the place -39,000ft, +50,000 ft with a few minutes. Manually adjusted it several times and each time within a few minutes it head off into nonsense land while sitting still in my home. Rebooted the watch. Downloaded the latest software. Nothing works. Defective or do I need to do something else?
Bought it from REI so I have 90 days to return if it's defective.

Thanks for any help!

EDIT - I accidentally originally posted this in the 5 Plus forum.

EDIT #2 - I did a total factory reset and this did not solve the problem.