Peloton Interactive (PTON) stock has been picking up negative momentum in recent months, now off 45.6% from its all-time highs hit back in January. With catalysts in place, Pelton stock is quite compelling, especially for those lacking a hedge against a worsening of the COVID-19 pandemic. The Delta wave may be nearing a peak, but the pandemic is far from over. Moreover, health experts may not be in a position to give a timeline for when the pandemic will end. In any case, I am bullish on PTON stock, as it looks to touch down with its 52-week lows over the next few weeks.
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Peloton Interactive (NASDAQ:PTON)
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Peloton Interactive (NASDAQ:PTON)
Historical Stock Chart
From Nov 2020 to Nov 2021 Click Here for more Peloton Interactive Charts.