Peloton's Bounce May Not Travel Very Far

·2 min read
Peloton's Bounce May Not Travel Very Far

Peloton Interactive managed to close higher on Friday when the broad market averages sank hard. Let's check out the charts of this exercise equipment and media company as analysts and market forecasters are trying to figure out the impact of the new Omicron variant and what it means for individual stocks like Peloton. In this daily bar chart of PTON, below, we can see that prices have been trimmed down from a high in January.