1 Stock I Wouldn't Touch With a 10-Foot Pole -- and Here's Why
Why are some companies struggling despite a high stock market?
Some companies struggle despite a high stock market due to various factors such as weak demand, inability to boost revenue, and poor financial health. The overall stock market performance does not necessarily reflect the individual performance of each company, as market movements are influenced by various macroeconomic factors and investor sentiment.
What is Peloton's current trading price compared to its peak?
Peloton's current trading price is 98% off its peak price, with shares trading at $3.46 as of July 5, 2024. The company has struggled with ongoing challenges in demand and profitability, resulting in a significant drop in its stock price since its peak in January 2021.
How much did Peloton's sales decrease year over year?
Peloton's sales decreased by 6% year over year, with overall sales of $805 million in the fiscal year 2022 first quarter financial results reported on Nov6. 4.