Is it Time to Dump Peloton Interactive Inc (PTON) Stock After it Is Lower By 22.60% in a Week?

The market has been down on Peloton Interactive Inc (PTON) stock recently. PTON gets a Bearish score from InvestorsObserver Stock Sentiment Indicator.

Peloton Interactive Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on PTON!

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What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With PTON Stock Today?

Peloton Interactive Inc (PTON) stock is trading at $10.55 as of 9:48 AM on Wednesday, Mar 15, a loss of -$0.05, or -0.47% from the previous closing price of $10.60. The stock has traded between $10.26 and $10.57 so far today. Volume today is light. So far 344,311 shares have traded compared to average volume of 14,709,803 shares. To see InvestorsObserver's Sentiment Score for Peloton Interactive Inc click here.

More About Peloton Interactive Inc

Peloton Interactive Inc operates an interactive fitness platform. It operates its business in two reportable segments: Connected Fitness Products and Subscription. Connected Fitness Product revenue consists of sales of bike and tread and related accessories, associated fees for delivery and installation, and extended warranty agreements. Subscription revenue consists of revenue generated from monthly Connected Fitness Subscription and Digital Subscription. The company generates the majority of the revenue from the sale of Connected Fitness Products. Click Here to get the full Stock Report for Peloton Interactive Inc stock.