In Wednesday's Blitz Daily, we take a look at virtual fitness company Peloton as shares continue to fall after missing earnings expectations.
Riding one of Peloton’s high-end stationary bikes or taking a fitness class through its app keeps its users looking and feeling good. But the same can’t be said for its shareholders...
Shares of the exercise bike and interactive health brand took a tumble after the company missed revenue expectations and announced it didn’t expect to see profits until 2023.
At $48.95 per share, the stock has dropped more than 40% from its Nov. 4 closing price of $86.06. And the new 52-week lows have the bulls seeing green!
But if the thought of Peloton options make you sweat, I have two more big trades to keep that portfolio looking good...
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