NASDAQ:PTON - Nasdaq - US70614W1009 - Common Stock - Currency: USD
Shares of exercise equipment company Peloton (NASDAQ:PTON) fell 5.8% in the afternoon session as the major indices tumbled after the Trump administration confirmed that the planned 25% tariffs on imports from Canada and Mexico, two of the largest trading partners of the United States, would proceed as planned. The news added to the market's growing unease, which had been building since the start of 2025. For Wall Street analysts, investors, and businesses, the announcement underscored the urgent
Shares of exercise equipment company Peloton (NASDAQ:PTON) fell 5.8% in the afternoon session as the major indices tumbled after the Trump administration confirmed that the planned 25% tariffs on imports from Canada and Mexico, two of the largest trading partners of the United States, would proceed as planned. The news added to the market's growing unease, which had been building since the start of 2025. For Wall Street analysts, investors, and businesses, the announcement underscored the urgent need to plan ahead and factor the potential downside of the tariffs into their financial forecasts. Key concerns included rising production costs, which are often passed on to consumers, and the risk of inflation, further heightening economic uncertainty.
NEW YORK, Feb. 25, 2025 (GLOBE NEWSWIRE) -- Peloton Interactive, Inc. (Nasdaq: PTON) announced today that Liz Coddington, Chief Financial Officer, will...
The performance of consumer discretionary businesses is closely linked to economic cycles. This sensitive demand profile can lead to some stock price volatility, but over the past six months, the industry has stayed on track as its 6.3% return was close to the S&P 500’s.
The performance of consumer discretionary businesses is closely linked to economic cycles. This sensitive demand profile can lead to some stock price volatility, but over the past six months, the industry has stayed on track as its 6.3% return was close to the S&P 500’s.
Here is how BJ's Wholesale Club (BJ) and Peloton (PTON) have performed compared to their sector so far this year.
Peloton Interactive on Friday won the dismissal of a proposed shareholder class action lawsuit accusing the fitness equipment maker of concealing safety-related problems that led to a May 2023 recall of 2.2 million bikes following reports of defective seat posts. U.S. District Judge Margo Brodie in Brooklyn, New York, found no proof that Peloton intended to mislead investors by initially projecting that the recall would cost $8.4 million, before setting aside an additional $40 million three months later. She also said Peloton's risk disclosures were not materially misleading, in part because they explicitly warned that recalls were possible.
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The company that supplies high-end exercise bikes to Team GB athletes and other elite sports men and women, is scrambling to find new backers as part of a desperate bid to avert a serious cash crunch.
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