Is Peloton Interactive Inc (PTON) a Stock to Watch After Losing -10.28% This Week?

Overall market sentiment has been down on Peloton Interactive Inc (PTON) stock lately. PTON receives a Bearish rating 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 uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends. Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down. InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend. Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.

What's Happening With PTON Stock Today?

Peloton Interactive Inc (PTON) stock has fallen -6.15% while the S&P 500 has risen 0.45% as of 9:59 AM on Wednesday, Sep 22. PTON has fallen -$6.21 from the previous closing price of $100.92 on volume of 1,190,120 shares. Over the past year the S&P 500 has risen 33.30% while PTON has fallen -0.09%. PTON lost -$0.64 per share in the over the last 12 months.

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.