Peloton stock sheds 2.15% and underperforms competitors
Updated
Updated · MarketWatch · Apr 30
Peloton stock sheds 2.15% and underperforms competitors
10 articles · Updated · MarketWatch · Apr 30
Shares closed at $5.45 on Thursday as the Nasdaq rose 0.89% to 24,892.31 and the Dow gained 1.62% to 49,652.14.
Peloton ended 40.76% below its 52-week high of $9.20 reached on 3 October. Apple rose 0.44%, while Nike slipped 0.07% and Lululemon fell 0.33%.
Trading volume was 11.2 million shares, about 1.4 million below Peloton's 50-day average of 12.5 million, indicating lighter-than-usual activity during the decline.
With its stock down 40% from its high, is Peloton a bargain buy or a falling knife?
With consumer subscriptions falling, can Peloton's pivot to commercial gyms reverse its post-pandemic decline?