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Closing yesterday’s trading session at $107.08, PTON is trading 37.4% below its 52-week high of $171.09.
The company’s decision to lower the price of its Peloton Bike could negatively impact its profitability in the near term. Furthermore, a bleak business outlook for the first quarter of its fiscal year 2022, and faltering demand for its fitness equipment amid the rapid COVID-19 vaccination roll out and re-opening of gyms, could cause its shares to suffer a downtrend in the coming months.
