Shares of Peloton rose by a staggering 11.87% to $161.52 at 11:14 EST on Tuesday, after five consecutive sessions in a row of gains. The Nasdaq Stock Market is rising 0.46% to $12,800.90, after two consecutive 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, 2.92% 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, "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. ", "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. "
The company's growth estimates for the ongoing 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 $161.52 at 11:14 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 value is way higher than its 50-day moving average of $115.23 and way higher than 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, "Through the deal, Peloton will gain 625,000 square feet (58,000 square meters) of manufacturing capacity in Whitsett, North Carolina, and Woodinville, Washington. ", "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.", "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. "
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, ""By combining our talented and committed R&D and Supply Chain teams with the incredibly capable Precor team and their decades of experience, we believe we will be able to lead the global connected fitness market in both innovation and scale," Peloton president William Lynch said in a release.", "The deal is Peloton's largest to date, according to Bloomberg."