The share price of Peloton (PTON) has taken a massive beating after being a darling of the Covid era. The exercise bike maker has struggled to appease investors as sales growth has slowed.
However, investors liked a new deal between PTON and Amazon (AMZN) last week, which sent the shares up 20%. A bullish block put trade on the day also seems to support positive investor sentiment.
— Jay Soloff
MAG-7 Stocks Are Dead—Here's What Killed Them [sponsor]The old way of investing in tech giants is over. A NEW strategy unlocks 146X more income on the SAME underlying stocks (like Meta, Apple, and Amazon) -- WITHOUT options trading. Click here to uncover the NEW MAG-7 alternative.
Source: Investors Alley
