Peloton Interactive shares fall amid overall weakness in stay-from-home names
July 27, 2022
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Peloton Interactive ($NASDAQ:PTON) shares fell nearly 10% Tuesday amid overall weakness in stay-from-home names, with the fitness company’s stock posting its third straight session of losses.PTON fell as much as 10.1% before partly recovering to end Tuesday’s session at $8.71, down 8.8% for the day.Peloton has been under pressure since the company announced dismal FQ3 earnings and issued disappointing guidance in May, highlighted weakening subscriber growth. Shares have fallen 32.5% since PTON’s close on May 10, when the company reported FQ3 results. The question now is whether this weakness is a blip or the start of a more prolonged decline. For now, the market seems to be betting on the latter, with shares down sharply over the past three days. This could be a problem for Peloton in the long run, as it will likely lead to lower earnings and potentially even market share losses.
Market Reaction
VI Analysis
Company’s fundamentals reflect its long term potential, below analysis on PELOTON INTERACTIVE are made simple by VI app. Based on VI Risk Rating, PELOTON INTERACTIVE is a medium risk investment in terms of financial and business aspects. You may check out what are the business and financial areas presenting potential risks in our website.
Summary
The stock was down 8.8% following the news.
