PTON Stock Recent News

Peloton debuted an unlimited free membership option for its app last year in a bid to win over new customers, but the company quietly ended the initiative.

Peloton is still trying to find its footing after its major missteps during the height of the pandemic. Some of its new initiatives are working, but they're not enough to fully offset the company's problems.

Bears have faced a challenging few years, feeling like an eternity since the 2019 flash crash had pessimists forecasting a financial downturn akin to the 2008 crisis. Similarly, the early stages of the pandemic painted a grim economic picture — until unexpected monetary policies propelled stocks to unprecedented heights, even as reasonable assessments made them clear stocks to sell immediately.

Peloton shares have continued their spectacular nosedive so far in 2024. Improving revenue and reaching profitability would help boost the share price.

The S&P 500 fell 1.1% last week, and while not huge, it was the steepest weekly decline since December. In a bull market, sell-offs are both a buying opportunity and a chance to trim underperforming stocks.

Both Apple and Peloton sell hardware products differentiated by their own software. Apple's success speaks for itself, while Peloton's ongoing financial woes are hard to ignore.

Shares of Peloton (PTON) traded above $170 during the pandemic, but have steadily fallen amid leadership & distribution changes. The Chart Master takes a look at the embattled stock in the latest Chart of the Day: Peloton.

CNBC's Gabby Fonrouge joins 'Power Lunch' to discuss data from business firm Creditsafe showing Peloton, Saks, Express and Bath & Body Works have routinely failed to pay their vendors on time.

Over the last year, Peloton, Saks, Express and Bath & Body Works have often failed to pay vendors on time, a sign they could be struggling to manage cash flows.

Peloton's business model is night and day different from four years ago.