Peloton stock closed the week on a high note after surging 7.77% on Friday and it is expected to start the week today on a positive note after Peloton ex-CEO John Foley sold $50 million stock to Michael Dell’s investment firm. The fact that the investment firm was willing to purchase the stock shows it believes in the stock.
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.
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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 a stock that is on a bullish trend, 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 the previous huge price drop.
Nevertheless, following the recent developments including the stepping down of the CEO and the reduction of employees, the stock could be heading in the right direction in 2022.
Analysts are watching closely to see if the stock shall get back above $30 by the end of March.
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Source: https://invezz.com/news/2022/03/21/peloton-stock-is-up-28-in-five-days-heres-where-to-buy-it/