Why Peloton Stock Is Surging Today
Peloton Interactive (NASDAQ: PTON) stock is making big gains in Monday's trading. The company's share price was up 7.5% as of 2:45 p.m. ET, according to data from S&P Global Market Intelligence.
On Friday, Morgan Stanley and Capital World Investors submitted filings to the Securities and Exchange Commission (SEC) disclosing their updated holdings in Peloton as of late December. Morgan Stanley's SC 13G/A filing showed that it had reduced its position in the stock, while Capital World Investors showed that it had actually bought shares.
Morgan Stanley's filing showed that it still owned around 38 million shares of Peloton stock as of Dec. 31, 2023. The number is down roughly 3.6% from its holdings as of Sept. 29, but it's not a huge change, all things considered. Morgan Stanley still holds an 11.1% stake in Peloton -- down from the 11.6% stake that it held as of its previous filing.
Source Fool.com
Peloton Interactive Inc. Stock
Our community is currently high on Peloton Interactive Inc. with 11 Buy predictions and 4 Sell predictions.
As a result the target price of 6 € shows a very positive potential of 65.88% compared to the current price of 3.62 € for Peloton Interactive Inc..
