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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
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