Peloton stock has been on a free-fall since the company announced its recent earnings report and common stock offering to raise capital. It dropped by 6.75% on Monday, 5.6% on Tuesday, and today by 2.52%.
The stock however seems to be stabilizing since the percentage drops are reducing by the day.
Are you looking for fast-news, hot-tips and market analysis?
Sign-up for the Invezz newsletter, today.
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 trade Peloton Stock
eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.
Register with eToro instantly
Financial company driven by technology and offering all-in-one self-directed investment platform that provides excellent user experience.
Register with Webull instantly
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 NASDAQ: PTON stock today?
If you are looking to invest in the stock dip, then the PTON stock is a good choice given that it has dropped considerably over the last month and the dip could be coming to an end.
PTON stock price prediction
The bearish outlook of the Peloton stock seems to be coming to a stop and the stock price is expected to climb at least to $43 by the end of the year.
$PTON stock social media coverage
67% of retail CFD accounts lose money