Shares of Peloton rose by a staggering 10.78% to $159.96 at 09:37 EST on Tuesday, after five successive sessions in a row of gains. The Nasdaq Stock Market is falling 0.1% to $12,742.50, after two successive sessions in a row of losses. This seems, as yet, a somewhat negative trend trading session today.
Peloton's last close was $139.84, 10.42% below its 52-week high of $144.87.
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, "Peloton (PTON) - Peloton is acquiring rival fitness equipment maker Precor for $420 million, in a deal that will give it more market share as well as increased manufacturing capacity. ", "Peloton shares jumped 9% in premarket trading."
The company's growth estimates for the present quarter and the next is 140% and 115%, respectively.Peloton's Revenue
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 $159.96 at 09:37 EST, way higher than its 52-week high of $144.87.
Peloton's Moving Average
Peloton's value is way above its 50-day moving average of $114.37 and way higher than its 200-day moving average of $88.03.Previous days news about Peloton
Peloton makes biggest purchase with $420 million precor deal. According to Bloomberg Quint on Mon Dec 21, "The deal will also bring about 100 Precor research-and-development engineers to Peloton. ", "Peloton sales have soared this year as the pandemic shut gyms and forced people to work out from home. "
Peloton to buy fitness equipment maker precor in $420 million deal. According to MarketWatch on Mon Dec 21, "S.consumers, Peloton will be able to deliver connected fitness products to members sooner," the company stated in its news release.", "Precor, a division of privately owned sporting-goods company Amer Sports, based in Finland, has an established manufacturing facility in North Carolina, which will help Peloton develop U.S. manufacturing capability. "
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 stock tumbled 3% after Apple's early December announcement. ", "Peloton sales spiked in 2020 when gyms closed due to the COVID-19 pandemic and more Americans invested in at-home fitness. "