Shares of Peloton jumped by a staggering 11.87% to $161.53 at 14:55 EST on Tuesday, after five sequential sessions in a row of gains. The Nasdaq Stock Market is jumping 0.48% to $12,804.00, after two successive sessions in a row of losses. This seems, up to now, a somewhat positive trend trading session today.
Peloton’s last close was $144.39, 2.91% below its 52-week high of $166.23.
News about Peloton today
Stocks making the biggest moves in the premarket: Peloton, sportsman's warehouse, fubotv & more. According to today’s article on CNBC, "The acquisition prompted KeyBanc Capital Markets to raise its price target on Peloton from $160 to a Street-high $185, saying the deal was "highly synergistic" and supportive of long-term growth. ", "Peloton shares jumped 9% in premarket trading."
Peloton buying Precor makes for a smoother ride. According to today’s article on Bloomberg Quint, "In September, Peloton began selling Bike+, a more expensive version of its most popular item, adding the handy ability to swivel the screen for strength workouts off the cardio bike. ", "At nine times revenue, Peloton needed to do something to have any hope of living up to such a wildly rich valuation."
Peloton spins to 'born in the U.S.a.'. According to today’s article on The Wall Street Journal, "According to Peloton’s website, wait times are over 10 weeks for its most expensive bike.", "Meanwhile, Peloton has bought its way into commercial settings just as vaccines begin to roll out and the end of the pandemic comes into view. "
The company’s growth estimates for the current quarter and the next is 140% and 115%, respectively.
Year-on-year quarterly revenue growth grew by 232.4%, now sitting on 2.36B for the twelve trailing months.
Peloton’s Stock Yearly Top and Bottom Value
Peloton’s stock is valued at $161.53 at 14:55 EST, below its 52-week high of $166.23 and way higher than its 52-week low of $17.70.
Peloton’s Moving Average
Peloton’s worth is way higher than its 50-day moving average of $115.23 and way above its 200-day moving average of $88.73.
Previous days news about Peloton
Peloton makes biggest purchase with $420 million Precor deal. According to Bloomberg Quint on Mon Dec 21, "Peloton Interactive Inc. agreed to buy fitness-equipment company Precor for $420 million to gain U.S. manufacturing capabilities and new expansion opportunities.", "By making fitness equipment closer to U.S. consumers, Peloton will be able to deliver products sooner. "
Peloton to buy fitness equipment maker Precor in $420 million deal. According to MarketWatch on Mon Dec 21, "The companies expect the deal to close early in the new year, and Peloton projects that it will produce equipment manufactured in the U.S. by the end of the year. ", "S.consumers, Peloton will be able to deliver connected fitness products to members sooner," the company stated in its news release."
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, "Peloton has had multiple legal challenges over the years from competitor fitness companies. ", "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."