Peloton Dives on October 2022 -5.85%

The training equipment and media company has been volatile for a while. Today Peloton stocks dropped from $9.15 to $8.21 in just two trading days.

The sell-off continues as the co-founder and ex-CEO of the company John Foley has had to deal with multiple margin calls on the funds borrowed with the stock as collateral, according to a Wall Street Journal report.

Foley may be in a dire situation as Peloton Interactive, Inc. shares fell over 96% from the peak of $170 per share in January 2021. The new management is trying to reverse the trend. Is it time to buy Peleton low?

Peloton Dives on October 2022 -5.85%

PTON.US share prices’ dynamics between July, 2021 and October, 2022 (source: SimpleFX WebTrader)

PTON.US symbol trading info

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