Peloton  (PTON) – Get Peloton Interactive, Inc. Class A Report was one of the most talked-about stocks on the web last week. It plummeted more than 20% in just one trading session after the media reported the company will halt production, close several stores, and lay off staff.

However, on January 20, the company released preliminary second-quarter financial results that were in line with Wall Street expectations.

Peloton saw tremendous growth during the pandemic due to the closure of gyms and offices. However, since the world has reopened, its stock has suffered significant losses — more than 80% from its 2020 peak.

Source

LEAVE A REPLY

Please enter your comment!
Please enter your name here

fifteen + 9 =