Is Peloton Interactive Stock a Buy This Month?
If a television-show character dying after using a Peloton Interactive (NASDAQ: PTON) exercise bike can really cause the connected fitness leader's stock to fall, then the markets are completely lacking in seriousness. Selling or buying shares over a fictitious event is silly, and might be another sign we're in the very late stages of this bull market run.
Peloton, though, has a lot of other concerns that have been weighing on its shares, which have now lost three-quarters of their value in 2021.
A reopened economy, more competitors, a perception of being a luxury product at a time of tightening wallets, and lower use by existing customers are just some of the problems facing the maker of connected fitness equipment. None should necessarily be fatal, though, so let's see if Peloton's depressed stock is a buy this month.
Source Fool.com
