Will Peloton Stock Hit $5 in 2020?
Some workouts seem to end just before they get a chance to get started. Peloton (NASDAQ: PTON) shares have been drifting lower this month, following a huge 48% bounce in November. The high-end fitness specialist had been a broken IPO through all of October, so it's had a lot of ups and downs in its brief publicly traded tenure..
December has been rough for Peloton. The bearishness began circling when a commercial it rolled out ahead of the holiday shopping season was widely lampooned for being out of touch. This week, we find the shares moving lower after a Citron Research article suggested that the stock should be trading at $5. Peloton isn't perfect, but it's probably not going to be trading that low anytime soon.
Image source: Peloton.
Source Fool.com
