Peloton Interactive Inc (PTON) is trading -5% lower at $11.04 today. The Consumer Discretionary sector is having a generally mildly cheerful day, this hasn't really affected the stock's share price, as it lagging other names in the space.
- Peloton Interactive, Inc. (NASDAQ:PTON – Get Rating) has earned an average rating of “Hold” from the thirty-four ratings firms that are currently covering it
- Piper Sandler assumed coverage on Friday, July 22nd with a “neutral” rating and a $12.00 price target
The price move is likely being affected by the fact that the company is reporting earnings in 2 days.
Peloton Interactive Inc has been trading between a 52-week high of $120.62 and a 52-week low of $8.22. The stock has a market cap of $332 Million.
Peloton is the leading interactive fitness platform in the world with a loyal community of more than 3.6 million Members. The company pioneered connected, technology-enabled fitness, and the streaming of immersive, instructor-led boutique classes for its Members anytime, anywhere. Peloton makes fitness entertaining, approachable, effective, and convenient, while fostering social connections that encourage its Members to be the best versions of themselves.
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As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:Typical-Mouse-4804 - 4 upvotes -
sourceWhat companies do you think are getting aquired? I think ATVI (announced); REV; PTON. What else? Don’t fucking say BBBY.
Remote_Construction8 - 2 upvotes -
sourcePton bike too expensive for regular folks and need a sub for the exeecuse modules...why not just buy a stationary bike? They have a bad business mod imo
neel_jung - 2 upvotes -
sourceJust die pton
boobsixty - 2 upvotes -
sourceWhen treadmill (PTON) company has the valuation of $3.7B we know this bubble is far from over.
ScruffyBelievesInGME - 2 upvotes -
sourceMight yolo a few PTON leaps if the earnings suck and it tanks more. Trying to bail out a pandemic era exercise equipment supplier sounds like something WSB would do.
neel_jung - 2 upvotes -
sourceanyone in pton puts?
neel_jung - 2 upvotes -
sourceSwinging puts- amd monthlies and pton weeklies.  assuming I’ll get annihilated
harris0n11 - 1 upvotes -
sourcePton isn’t a meme stock. It’s just dead and dying.
bmp5046 - 1 upvotes -
sourceI just yolo’d into PTON. Check out my recent post
Heineken_500ml - 1 upvotes -
sourceForgot to buy DOLE calls today  Awesome earnings week. Nordstrom, NVDA, GAP, Absolute, PETCO, SNOW, VSCO, PTON, DELL  so many options to choose from