What’s Going On With Peloton Stock Today?
Peloton Interactive Inc (NASDAQ: PTON) shares are trading lower amid overall market weakness. Walmart's guidance cut has weighed on discretionary stocks in today's session.
What Happened?
Oppenheimer Assumes Peloton Interactive at Outperform, Raises Price Target to $20
Oppenheimer analyst Brian Nagel assumes Peloton Interactive (NASDAQ:PTON) with a Outperform rating and raises Price Target to $20.
Piper Sandler Initiates Coverage On Peloton Interactive with Neutral Rating, Announces Price Target of $12
Piper Sandler analyst Edward Yruma initiates coverage on Peloton Interactive (NASDAQ:PTON) with a Neutral rating and announces Price Target of $12.
The BIG Short: Hedge Fund Is Up 223% In 2022 Shorting This Sector
After a nearly two-year trade that accumulated losses in the nine figures, Coltrane Asset Management’s Mandeep Manku can now revel in the light of being right.
WSJ Article Highlights ‘Hyundai, Peloton hope to have their products featured in Netflix shows’
https://www.wsj.com/articles/advertisers-were-locked-out-of-netflix-for-years-now-they-have-big-plans-11658223002?mod=hp_lead_pos6
Telsey Advisory Cuts Price Target On Peloton Interactive By 26%
Telsey Advisory Group analyst Dana Telsey reiterated a Market Perform rating for Peloton Interactive Inc (NASDAQ: PTON), citing the lack of visibility into demand levels, profitability, and cash flow.
Stocks That Hit 52-Week Lows On Wednesday
During Wednesday's session, 326 stocks hit new 52-week lows.
Peloton Exits In-House Production As Part Of Turnaround
Peloton Interactive Inc (NASDAQ:PTON) said it is exiting all owned-manufacturing operations and expanding its current relationship with leading Taiwanese manufacturer Rexon…