After shedding of close to 100% in 2021, the Peloton stock has shown signs of bouncing back after the CEO Foley stepped down and the company announced a reduction of employees.
The stock has been on the rise since February 4 and analysts are seeing a silver lining despite the slight pullback saw the stock dip by 3.38% at the close of February 10.
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.
Best places to buy Peloton Stock
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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 PTON stock today?
If you are looking to invest in the stock that is coming out from a long bear market, then the PTON stock is a good choice.
However, there are still pertinent issues facing the Peloton Company, some of which could be the reason why the CEO resigned.
Peloton stock price prediction
It is difficult to predict the price Peloton stock price movement especially following previous huge price drop.
Nevertheless, following the recent developments including the stepping down of the CEO and the reduction of employees that made the sock to bounce back on Tuesday February 8, the stock could be heading in the right direction in 2022.
Analysts are watching closely to see if the stock shall get back above $50 before the end of February.
$PTON stock social media coverage
The post Where to buy Peloton Stock: it is poised for a takeoff after laying off 2,800 workers appeared first on Invezz.