Peloton (NASDAQ: PTON) describes itself as an interactive fitness company, well-known for its exercise bikes that combine both software and hardware.
Peloton makes money through the sale of its premium equipment, including bikes and treadmills. It also has a recurring revenue stream through its memberships, which allow users to access live and on-demand fitness classes.
Eight of the markets 11 sectors finished weaker, after retail sales grew at just 0.2 per cent in August, following an 0.5% increase in July. This is likely to ensure interest rates remain on hold. Consumer facing businesses Aristocrat Leisure Limited (ASX: ALL) and Wesfarmers Ltd (ASX: WES) fell 1.9% and 0.8%.
US stock markets appeared to reverse a three-day losing streak overnight as Peloton (NASDAQ:PTON) shares made headlines.
All three US stock markets fell on Monday as Peloton (NASDAQ:PTON) shares surged on takeover rumours, with Amazon potentially circling.
US stock markets continued their downward trend overnight as the Peloton (NASDAQ:PTON) share price was crunched again.
The upward march continued in US stock markets during the week as Peloton (NASDAQ:PTON) stock made headlines on Friday.
Live on The Australian Investors Podcast this week, your weekly hosts Owen Rask & 7Investing’s Dr Anirban Mahanti are joined by Claude Walker, founder of A Rich Life.
The Dow Jones finished 0.3% higher on Wednesday, reaching another record as the Nasdaq continued its sell-off, falling 0.4%.
