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Peloton Jumped Today -- Time to Buy the Beaten-Down Stock Hand Over Fist?
The Motley Fool· 2024-02-12 21:29
Peloton (PTON 5.71%) stock posted significant gains Monday thanks to news about recent sales and purchases of the stock made by large institutional investors. The exercise specialist's share price ended the daily session up 5.7%, according to data from S&P Global Market Intelligence.Morgan Stanely and Capital World Investors submitted SC 13G/A filings to the Securities and Exchange Commission (SEC) that showed their respective holdings in Peloton stock as of late December. While Morgan Stanley trimmed its h ...
Why Peloton Stock Is Surging Today
The Motley Fool· 2024-02-12 19:54
Peloton Interactive (PTON 5.60%) stock is making big gains in Monday's trading. The company's share price was up 7.5% as of 2:45 p.m. ET, according to data from S&P Global Market Intelligence.On Friday, Morgan Stanley and Capital World Investors submitted filings to the Securities and Exchange Commission (SEC) disclosing their updated holdings in Peloton as of late December. Morgan Stanley's SC 13G/A filing showed that it had reduced its position in the stock, while Capital World Investors showed that it ha ...
1 Ridiculously Cheap Stock Down 97% to Buy Hand Over Fist in 2024
The Motley Fool· 2024-02-10 11:00
Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Peloton Interactive. The Motley Fool has a disclosure policy.Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool. ...
3 Reasons This Once Unstoppable Stock Has Plunged 97%
The Motley Fool· 2024-02-08 11:10
When the COVID-19 pandemic began in March 2020, Peloton Interactive (PTON 0.23%) stock was trading at around $25 per share. By the end of that year, it soared to over $150 as demand for the company's at-home exercise equipment exploded.Today, Peloton stock is down more than 97% from that peak, and it trades near its all-time low of about $4. Since society is now free from the pandemic-era restrictions that shut down gyms and limited outdoor activities, demand for Peloton's products has plunged.The company i ...
This Is the Bright Side for Peloton Stock Right Now
The Motley Fool· 2024-02-07 10:53
Things just seem to be getting worse for Peloton Interactive (PTON 8.96%). The connected fitness company's sales have plummeted, and there's been limited progress under new leadership.Peloton stock fell after its latest earnings report, but there are still signs of life. Is there any reason to be hopeful here? Actually, yes.Grasping at straws?Peloton fielded outsized demand for its connected fitness equipment in the early stages of the pandemic when people, even fitness enthusiasts, were stuck at home. It m ...
Peloton stock backpedals to a new low as shorts win
MarketBeat· 2024-02-06 15:30
Key PointsLast week, Peloton shares fell to an all-time low of $4.10 following a fiscal 2024 second quarter earnings report that the market found far from exhilarating.A pressing need to spend on new product development and marketing will make spinning a profit difficult for Peloton in the years ahead.Despite the troubles, takeover speculation and technical oversold conditions may be two big reasons to take a chance on PTON shares. 5 stocks we like better than Peloton InteractiveA month ago, Peloton Interac ...
3 Doomed Nasdaq Stocks to Dump Before They Dive: February 2024
InvestorPlace· 2024-02-05 19:50
The market continues to make new all-time highs, but the gains remain lopsided. Some stocks, such as Meta Platforms (NASDAQ:META) are soaring. Yet others, like Moderna (NASDAQ:MRNA), continue to sink. The reality is that mega-cap technology stocks are driving the market at the expense of small-cap stocks and just about every sector of the economy. Fourth-quarter 2023 earnings season hasn’t helped level the playing field. Several well-known companies are seeing their share prices dive after delivering disapp ...
Where Will Peloton Stock Be in 3 Years?
The Motley Fool· 2024-02-05 16:11
Peloton's (PTON -3.77%) stock closed at its record high of $167.42 on Jan. 13, 2021. That marked a 477% gain from its IPO price of $29 on Sept. 26, 2019. At the time, the bulls were dazzled by the exercise bike maker's explosive growth rates.Peloton's revenue doubled in fiscal 2020 (which ended in June 2020) and surged 120% in fiscal 2021. Most of that growth was driven by the pandemic, which forced people to stay at home and caused brick-and-mortar gyms to shut down. But after the pandemic ended, its reven ...
1 Stock I Wouldn't Touch With a 10-Foot Pole -- And Here's Why
The Motley Fool· 2024-02-05 10:17
On Thursday morning, Peloton Interactive (PTON 0.71%) reported the results from its fiscal 2024 second quarter, and the numbers weren't great. For the period, which ended Dec. 31, revenue declined 6% year over year and the business posted a net loss of $195 million, which was worse than the three months prior. In response to the report, traders sent Peloton's stock down by more than 20%. From its early 2021 peak, it is currently down more than 97%.Nonetheless, risk-tolerant investors might be ready to take ...
1 Growth Stock Down 97% to Buy Right Now
The Motley Fool· 2024-02-05 05:59
Like bargains? Check out Peloton Interactive (PTON 0.71%). Shares of the fitness equipment and related tech company are down an incredible 97% from their early 2021 peak.Yes, this is the same Peloton that just reported a 6% year-over-year slide in its fiscal second-quarter revenue, setting up more losses. Specifically, its Q2 top line of $744 million fell from the year-ago comparison of $793 million, leading to a loss of $195 million. That loss is smaller than the year-ago comparison.Guidance for the fiscal ...