Peloton stock has been on a freefall since the company announced its recent earnings report and common stock offering to raise capital.
The fall was however accelerated by a plot in “Sex and the City” last week. Although Peloton published a parody commercial on Sunday to counter the less-than-flattering cameo on HBO’s “And Just Like That,” the shares have continued to fall.
The Peloton shares are currently at 75% down through the year to date.
Nonetheless, analysts believe that the stock is undervalued and it could explode any moment since the bears seem to be overstretched.
To help stock traders eying the Peloton stock, Invezz has created a brief article on the best places to buy it and what Peloton is.
To find out more, please continue reading.
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What is Peloton Stock?
Peloton stock is the stock of Peloton Interactive Inc. and it trades on NASDAQ under the symbol NASDAQ: PTON.
Peloton Interactive, Inc. is an American company that deals with exercise equipment and it also has a media branch. It is based in New York City.
The company’s main products include internet-connected treadmills and stationary bicycles that require users to make monthly subscriptions to access online fitness classes.
Should I buy the NASDAQ: PTON stock today?
If you are looking to invest in the stock dip, then the PTON stock is a good choice given that it has dropped considerably over the last month and the dip could be coming to an end.
PTON stock price prediction
The bearish outlook of the Peloton stock seems to be coming to a stop and the stock price is expected to climb above $40 by the end of the year.
$PTON stock social media coverage
The post Where to buy Peloton Stock dip as the company fits back a recent “Sex and the City” reboot appeared first on Invezz.
