Tag Archives: Peloton

The bad news flywheel continues to be spinning in warp speed at Peloton (PTON).  Shares of Peloton crashed 22% to $26 on Thursday after a CNBC report that the struggling fitness company would temporarily halt production of its bikes and treadmills due to sluggish consumer demand. Shares fell below the company’s September 2019 IPO price of $29.  The company will reportedly stop producing its bikes for two months and treadmills for six weeks.  A Peloton spokeswoman didn’t return Yahoo… Source link

Peloton is ending the year on an ominous note, if the tale told by Google search volume is to be believed. U.S. search trends for Peloton show a 30% year-over-year drop in the fourth quarter of this year. U.K. and Germany showed an even larger year-over-year decline. “Historically, Google search trends data has correlated well with Peloton hardware sales,” wrote Raymond James analyst Aaron Kessler. “Based on our updated analysis, the search trends data indicates… Source link

Text size Peloton Bike+ Courtesy of Peloton Peloton… Source link

Peloton (PTON) may be losing some popularity after a series of headline setbacks, according to analysis of Google Search trends out of Raymond James on Tuesday.  “Historically, Google Search Trends data has correlated well with Peloton hardware sales. Based on our updated analysis, the search trends data indicates continued softening of demand for Peloton sales in the December quarter. Google Trends data indicate U.S. Search Trends have declined 30% year-over-year in the December quarter… Source link

Peloton shares crashed more than 34% to $56 on Friday after the at-home fitness player warned about slowing demand for its trademark bike and inefficiencies in its business.  One analyst is staying upbeat on the shares, despite the report being the second straight poor showing for the company. “While we are a bit cautious of this new guide after the last one, and will be watching demand, churn, costs, and liquidity closely, we think tonight’s share price is not reflective of what Peloton… Source link

Investors aren’t too happy Peloton (PTON) is slashing the price of its entry-level connected bike for the second time in under a year, which will weigh harshly on the bottom line over the next 12 months.  But from Peloton’s perspective, it was all part of the plan even if investors didn’t realize it.  “If you look back over the last several years, we have always had the aim of making our products more accessible. We introduced 0% APR financing four years ago. We introduced a 30-day free home… Source link

Peloton founder and CEO John Foley is on the defensive as he tries to stem the fallout from a shocking new video released over the weekend by the U.S. Consumer Product Safety Commission (CPSC) showing a young child getting sucked under a Peloton treadmill while playing with a ball. Foley —a father of two young children with wife Jill (who is also Peloton’s VP of apparel) — blasted the CPSC in a message to Peloton members on Sunday afternoon, saying the company was not trying to impede an… Source link

Peloton’s stock (PTON) is looking a little less fit as investors dump 2020’s hot stay-at-home trades in favor of reopening trades such as airlines hotels with COVID-19 infections and deaths slowing down. Shares of the at-home fitness equipment maker are down about 26% over the past month, according to Yahoo Finance Premium data. The S&P 500 is up slightly during that span, while the Nasdaq Composite is down 4.5%. “The recent share price action could be seen as the broader market moving away… Source link

Apple (AAPL) has officially launched its anticipated answer to Peloton (PTON) app, Apple Fitness+. Available now on the iPhone, iPad, and Apple TV, Apple Fitness+ is meant to be a kind of one-stop-shop for your fitness needs whether you’re just starting out or are an experienced fitness fanatic. For $7.99 per month or $79.99 a year, Fitness+ gives you access to a host of on-demand, recorded workouts for 10 different types of exercises including everything from strength training, to yoga and… Source link

TipRanks Goldman Sachs Says These 3 Stocks Could Surge Over 30% From Current Levels After a true annus horribilus, we’re all ready for better times. The US equity strategy team at Goldman Sachs, led by David Kostin, sees those better time ahead, and in the near-term. The team is predicting a 25% gain for the S&P 500 within the next 24 months – or to put it in absolute numbers, they believe the index will hit 4,600 by December 2022. Kostin lays out four clear reasons for believing that… Source link