Peloton Interactive Inc. stock outperforms market on strong trading day
Peloton Interactive Inc. shares rose 3.75% as the stock outperformed some of its competitors with a fourth consecutive day of gains.
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Posted 8/29/2023, 9:33:00 PM
marketwatch.com
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Peloton reported a wider-than-expected loss and a drop in new subscribers in its fourth fiscal quarter due to its recall of the Bike seat post and seasonal factors, causing shares to plummet; however, the company remains optimistic about its future and is implementing new strategies for growth.