Shares of Peloton rose by a staggering 11.42% to $160.88 at 15:54 EST on Tuesday, after five consecutive sessions in a row of gains. The Nasdaq Stock Market is jumping 0.39% to $12,792.10, after two successive sessions in a row of losses. This seems, up to now, a somewhat positive trend exchanging session today.

Peloton’s last close was $144.39, 3.33% under 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, "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."

Peloton buying Precor makes for a smoother ride. According to today’s article on Bloomberg Quint, "Precor might just be the workhorse thatelevates Peloton fromfad spin brand to fitness juggernaut.", "The first helps to solve Peloton’s supply difficulties now, while the latter will give it an edge in the post-Covid economy whenconsumers are no longer forced to exercise athome and avoid travel."

Peloton spins to 'born in the U.S.a.'. According to today’s article on The Wall Street Journal, "In its news release, Peloton said it expects to leverage Precor’s relationships with hotels, multifamily residences and college and corporate campuses to make its own technology more prevalent. ", "Peloton has been capitalizing on the closure of gyms and other workout facilities, growing its connected-fitness subscriptions by 137% year over year in the quarter ended Sept. 30. "

The company’s growth estimates for the current 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 $160.88 at 15:54 EST, under 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 shares have jumped about 400% this year, valuing the company at $42 billion.", "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."

Peloton to buy fitness equipment maker Precor in $420 million deal. According to MarketWatch on Mon Dec 21, "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 has been manufacturing equipment in Taiwan, affecting its ability to deliver equipment to American consumers."

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’s acquisition of Precor comes as the battle for the at-home fitness market heats up. ", "Peloton stock had increased by 7% in after-hours trading Monday following the announcement."


Please enter your comment!
Please enter your name here