Will takeover rumors keep peloton stock facing buyers?
1 day ago · What happened As an abbreviated trading week winds down today, shares of Peloton Interactive (NASDAQ: PTON) are taking the weekend off …
Is peloton raising prices on bikes and treadmills?
Apr 14, 2022 · Shares of Peloton are down 86% from their December 2020 high of $167.37 and 32% year to date. The stock is also trading below its 2019 IPO price of $29. For more information and a 5-year view of the performance of this stock, see the graph in our dedicated guide. In February, Peloton CEO Barry McCarthy dismissed the idea of selling the company ...
What does peloton’s $39 subscription price point mean for the stock?
Apr 14, 2022 · And why investors selling the stock today are making exactly the wrong move. Log In Help Join The Motley Fool . Our Services . Investing Basics . Premium Services. Stock Advisor. Our Flagship Service. Return. 473%. S&P Return. 135%. Rule Breakers. High-growth Stocks. Return. 261%. S&P Return. 116%. Returns as of 04/14/2022. View Our Services ...
Is peloton going to kill its ‘golden goose’ price point?
Apr 13, 2022 · SPX. +1.12%. Peloton Interactive Inc. shares PTON, +5.57% rose 4.2% Wednesday, after activist investor Blackwells Capital urged the company to again consider a sale, arguing it has not made enough ...
What happened
The news at Peloton Interactive ( PTON -5.64% ), a one-time darling of the pandemic trade, went from bad to worse on Thursday, as media reports described first a planned layoff of 41% of the company's sales and marketing staff -- and then a shutdown of production.
So what
Yesterday, reports from Business Insider of a Peloton plan to lay off 41% of its sales and marketing staff had no immediate impact on Peloton's stock price -- to the contrary, the shares gained more than 5%, presumably on hopes that layoffs would cut costs and boost profits at the exercise bike maker.
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What happened
The news at Peloton Interactive (NASDAQ: PTON), a one-time darling of the pandemic trade, went from bad to worse on Thursday, as media reports described first a planned layoff of 41% of the company's sales and marketing staff -- and then a shutdown of production.
So what
Yesterday, reports from Business Insider of a Peloton plan to lay off 41% of its sales and marketing staff had no immediate impact on Peloton's stock price -- to the contrary, the shares gained more than 5%, presumably on hopes that layoffs would cut costs and boost profits at the exercise bike maker.
What Happened With Peloton Stock
Peloton really disappointed shareholders after the bell yesterday. It announced a loss per share of $1.25, wider than the $1.07 that analysts expected. Its revenue also flopped, coming in at $805.2 million against expectations for $810.7 million.
Why It Matters
Things have clearly gone from bad to worse for Peloton. Before today’s decline, PTON stock was already 50% below its 52-week high of $171.09. At $86 a share, the stock has continued to decline steadily throughout this year.
