David Einhorn Is Buying the Dip in This Penny Stock: Should You Too?

Peloton (PTON) is down about 28% for the year and has fallen below $5, pushing it into the category of penny stocks. Hedge fund manager David Einhorn, who sold the bulk of his holdings in the company last year, is meanwhile buying the dip in the health equipment company. Let's look at Peloton’s outlook going forward after the stock bounced from its 52-week low. www.barchart.com Peloton Missed Earnings Estimates Let’s begin by looking at Peloton’s most recent earnings report. The company reported revenue ...