06/02/2022
News: Amazon is exploring offer for Peloton and shares surge 30% after market.
Peloton's sales boomed during COVID-19 lockdowns, with many snapping up home fitness equipment. But its fortunes began to fade as vaccinations increased, gyms reopened and rivals offered competitive products.
In November, it hinted that demand for its exercise bikes and treadmills was slowing faster than expected, and its market capitalization since then has shrunk to about $8 billion from a peak of nearly $52 billion in early 2021.
Source: www.investing.com/ne...-amazon--wsj-2757527
SL: 18
TP: Break above $35.50 may see $50 next.
News: Amazon is exploring offer for Peloton and shares surge 30% after market.
Peloton's sales boomed during COVID-19 lockdowns, with many snapping up home fitness equipment. But its fortunes began to fade as vaccinations increased, gyms reopened and rivals offered competitive products.
In November, it hinted that demand for its exercise bikes and treadmills was slowing faster than expected, and its market capitalization since then has shrunk to about $8 billion from a peak of nearly $52 billion in early 2021.
Source: www.investing.com/ne...-amazon--wsj-2757527
SL: 18
TP: Break above $35.50 may see $50 next.