Peloton Stock Surges on Unexpected Sales Growth
Peloton(PTON) Schaeffers Investment Research·2024-08-22 22:02
Peloton Interactive Inc (NASDAQ:PTON) announced smaller-than-expected losses of 8 cents per share for the second quarter, in addition to a revenue beat as sales grew for the first time in over two years. The embattled fitness company noted it is now prioritizing profitability and cutting marketing and sales expenses. Though PTON remains firmly in penny stock territory, it was last seen up 17.4% to trade at $3.95, breaking through overhead pressure from the 60-day moving average as it bounces off its lowest ...