Shares of Peloton slid by a staggering 23.71% in 14 days from $76.22 to $99.93 at 20:32 EST on Wednesday, after three successive sessions in a row of losses. NASDAQ Composite is rising 1.19% to $13,950.22, after two consecutive sessions in a row of losses. This seems, so far, an all-around positive trend trading session today.
Peloton’s last close was $106.50, 71.21% below its 52-week high of $171.09.
The company’s growth estimates for the current quarter is 40% and a drop 92.6% for the next.
Year-on-year quarterly revenue growth grew by 128.4%, now sitting on 2.95B for the twelve trailing months.
Peloton’s Stock Yearly Top and Bottom Value
Peloton’s stock is valued at $99.93 at 20:32 EST, way below its 52-week high of $171.09 and way higher than its 52-week low of $26.06.
Peloton’s Moving Average
Peloton’s value is way under its 50-day moving average of $115.23 and way under its 200-day moving average of $124.87.
Previous days news about Peloton
Look out: inflation impact on earnings, Peloton treadmills, cryptocurrency bubble concerns to drive volatility. According to FX Empire on Monday, 19 April, "Peloton in a response to the regulator’s statement said it was "troubled by the CPSC’s unilateral press release about the Peloton Tread+ because it is inaccurate and misleading.", "The regulator said it was aware of 39 incidents including one death and was investigating all known incidents related to the Peloton Tread+."
Peloton says CPSC report warning consumers to stop using tread+ is 'inaccurate and misleading'. According to MarketWatch on Monday, 19 April, "Peloton invited CPSC to make a joint announcement about the danger of not following the warnings and safety instructions provided with the Tread+, and [Chief Executive John] Foley asked to meet directly with CPSC," Peloton said."
Peloton faces mounting pressure to recall treadmills. According to The Wall Street Journal on Monday, 19 April, "Pressure mounted on Peloton Interactive Inc. on Monday when the chair of a House consumer-protection subcommittee called on the company to recall its treadmills.", "The videos and reports of children being sucked under Peloton treadmills are harrowing, and they graphically illustrate the grave and immediate risks these products pose to users and their families," Ms. Schakowsky said."
More news about Peloton.