Peloton stock price forecast: PTON is ripe for a bearish breakout

Peloton Interactive (NASDAQ: PTON) stock price has moved sideways in the past few weeks as investors assess the company’s growth. The shares, which bottomed at $4.30 in 2023, have now bounced back to $5.82. They remain much lower than the all-time high of $171.25. The market cap of the once high-flying company has retreated to just $2.2 billion.Core challenges remainCopy link to sectionPeloton Interactive was once a popular name by both consumers and investors. It is a fitness disruptor that changed – to so ...