Peloton Already 7% Up, Almost Three Hours Before The Market Open

The Nasdaq Stock Market opens in less than three hours and Peloton's premarket value is already 7.69% up. Last session, the Nasdaq Stock Market finished with Peloton rising 3.25% to $144.39. The Nasdaq Stock Market dropped 0.1% to $12,742.50, after two consecutive sessions in a row of losses, on what was a somewhat rough trend trading session. Peloton's last close was $139.84, 0.33% below its 52-week high of $144.87.

Peloton's Revenue

Year-on-year quarterly revenue growth grew by 232.4%, now sitting on 2.36B for the twelve trailing months.

Previous days news about Peloton

Peloton makes biggest purchase with $420 million precor deal. According to Bloomberg Quint on Mon Dec 21, "Thus far, Peloton's business has focused on sales to consumers, but the company plans to use Precor's relationships to expand into the commercial market.", "The deal will also bring about 100 Precor research-and-development engineers to Peloton. " Peloton to buy fitness equipment maker precor in $420 million deal. According to MarketWatch on Mon Dec 21, "Precor would function as a Peloton business unit, with current Precor president Rob Barker serving as CEO of the unit as well as general manager of Peloton Commercial.", "Peloton Interactive Inc. plans to acquire a company to help it catch up with all of the exercise bikes and treadmills that customers have been ordering during the pandemic, and investors seemed to like the deal Monday afternoon." Peloton will spend $420 million to acquire precor, known for making fitness equipment found in hotels, health clubs, and university gyms. According to Business Insider on Mon Dec 21, "The deal is Peloton's largest to date, according to Bloomberg.", "Echelon Fitness, which describes itself as the "most formidable competitor of Peloton," sells bikes cheaper than Peloton's nearly $2,000 model, and reported a sales increase of 700% year-over-year in September."