Is The Bottom In For Peloton?

Dividend Investing

Embattled workout equipment maker Peloton (PTON) posted poor earnings last week, but the stock rallied anyways. While the company was way off on earnings for the quarter, management does expect the business to return to profitability next year. Perhaps that’s why several thousands of put contracts were sold after the earnings release. Investors may be assuming the worst is over with regard to the share price. 

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