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Peloton stock price forecast: PTON is ripe for a bearish breakout
PelotonPeloton(US:PTON) Invezz·2024-01-03 03:01

Peloton Interactive (NASDAQ: PTON) stock price has moved sideways in the past few weeks as investors assess the company’s growth. The shares, which bottomed at 4.30in2023,havenowbouncedbackto4.30 in 2023, have now bounced back to 5.82. They remain much lower than the all-time high of 171.25.Themarketcapoftheoncehighflyingcompanyhasretreatedtojust171.25. The market cap of the once high-flying company has retreated to just 2.2 billion.Core challenges remainCopy link to sectionPeloton Interactive was once a popular name by both consumers and investors. It is a fitness disruptor that changed – to so ...