Peloton Stock Bearish Momentum With A 11% Drop So Far Today

(VIANEWS) – Shares of Peloton (NASDAQ: PTON) dropped by a staggering 11.79% to $10.14 at 11:24 EST on Wednesday, following the last session’s upward trend. NASDAQ is dropping 0.57% to $11,963.86, after two successive sessions in a row of losses. This seems, up to now, a somewhat bearish trend trading session today.

Peloton’s last close was $11.49, 64.25% under its 52-week high of $32.14.

About Peloton

Peloton Interactive, Inc. operates interactive fitness platform in North America and internationally. The company offers connected fitness products with touchscreen that streams live and on-demand classes under the Peloton Bike, Peloton Bike+, Peloton Tread, and Peloton Tread+ names. It also provides connected fitness subscriptions for various household users, and access to various live and on-demand classes, as well as Peloton Digital app for connected fitness subscribers to provide access to its classes. As of June 30, 2022, it had approximately 6.9 million members. The company markets and sells its interactive fitness products directly through its retail showrooms and at Peloton Interactive, Inc. was founded in 2012 and is headquartered in New York, New York.

Earnings Per Share

As for profitability, Peloton has a trailing twelve months EPS of $-8.52.

The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is negative -229.75%.


Peloton’s last week, last month’s, and last quarter’s current intraday variation average was 1.08%, 0.67%, and 3.99%.

Peloton’s highest amplitude of average volatility was 1.31% (last week), 3.40% (last month), and 3.99% (last quarter).

Stock Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions, Peloton’s stock is considered to be oversold (<=20).

More news about Peloton (PTON).

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