DJ Peloton Interactive Inc. Stock Underperforms Wednesday When Compared To Competitors
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Shares of Peloton Interactive Inc. $(PTON)$ tumbled 10.69% to $9.44 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the NASDAQ Composite Index falling 3.56% to 19,392.69 and Dow Jones Industrial Average falling 2.58% to 42,326.87.
The stock's fall snapped a three-day winning streak.
Peloton Interactive Inc. closed $1.46 below its 52-week high ($10.90), which the company achieved on December 17th.
The stock underperformed when compared to some of its competitors Wednesday, as Apple Inc. $(AAPL)$ fell 2.14% to $248.05, Nike Inc. Cl B $(NKE)$ fell 1.41% to $76.90, and lululemon athletica inc. (LULU) fell 4.74% to $372.07.
Trading volume (14.4 M) remained 4.2 million below its 50-day average volume of 18.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 18, 2024.
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(END) Dow Jones Newswires
December 18, 2024 17:27 ET (22:27 GMT)
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