Published on 3 Feb 2023 on Market Watch
Peloton Interactive Inc. stock falls Friday, underperforms market
Shares of Peloton Interactive Inc. slipped 4.12% to $16.28 Friday, on what proved to be an all-around poor trading session for the stock market, with the NASDAQ Composite Index falling 1.59% to 12,006.95 and Dow Jones Industrial Average falling 0.38% to 33,926.01. The stock's fall snapped a three-day winning streak. Peloton Interactive Inc. closed $24.07 short of its 52-week high ($40.35), which the company achieved on February 8th.
The stock underperformed when compared to some of its competitors Friday, as Apple Inc. rose 2.44% to $154.50, Nike Inc. Cl B fell 1.12% to $127.61, and lululemon athletica inc. fell 1.03% to $319.42. Trading volume (32.6 M) eclipsed its 50-day average volume of 13.3 M.