Peloton Interactive Inc (PTON) is trading -5% lower at $9.755 today. Shares of the stock are floundering behind other names in the space on what is turning out to be a green day for the Consumer Discretionary sector.
- Peloton Interactive's analyst estimate are being lowered because of inventory issues
- Investigation notice from the Schall Law Firm
One likely catalyst for the move is the recent earnings call, just 8 days ago.
Peloton Interactive Inc has been trading between a 52-week high of $118.61 and a 52-week low of $8.22. The stock has a market cap of $294 Million.
Peloton is the leading interactive fitness platform in the world with a loyal community of more than 3.6 million Members. The company pioneered connected, technology-enabled fitness, and the streaming of immersive, instructor-led boutique classes for its Members anytime, anywhere. Peloton makes fitness entertaining, approachable, effective, and convenient, while fostering social connections that encourage its Members to be the best versions of themselves.
Headlines
Peloton Interactive PT Lowered to $8 at UBS
Investing.com 09-02-22
INVESTIGATION NOTICE: The Schall Law Firm Encourages Investors in Peloton Interactive, Inc. with Losses of $100,000 to Contact the Firm
Business Wire 09-01-22
12-Month Price Target For Peloton Interactive Inc. (NASDAQ:PTON) Now Sits At $26.00
Marketing Sentinel 09-01-22
INVESTIGATION ALERT: The Schall Law Firm Encourages Investors in Peloton Interactive, Inc. with Losses of $100,000 to Contact the Firm
Business Wire 08-31-22
Why Peloton Interactive Is Rising Today
The Motley Fool 08-31-22
As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:Devilnutz2651 - 6 upvotes -
sourcePTON? They make those $2k laundry racks right?
the_sound_of_a_cork - 2 upvotes -
sourceThere are not enough basic bitches to save PTON
UltimateTraders - 2 upvotes -
sourceI currently have $pton puts its an insane disaster I did some dd on 8/25
fscumeau - 2 upvotes -
sourcePTON green LMAO
fscumeau - 1 upvotes -
sourcelmao even PTON rallied 4% from its intra lows
TapRevolutionary1897 - 1 upvotes -
sourcePTON was just listed as a “all in buy”. What do you all think?
Zestyclose-Land941 - 1 upvotes -
source$PTON $CVNA $SNAP
TapRevolutionary1897 - 1 upvotes -
sourceThank you PTON! Easy money
TapRevolutionary1897 - 1 upvotes -
sourcePTON is about to run again
OldTrillionaire - 1 upvotes -
sourceOne time way back in the day a homeless kid from Denver saw that I was on an Earnings season tear and asked for advice. Made enough off PTON that he got off the streets long enough to shower and find a job. This isn’t that, it looks like