Peloton Interactive Inc. stock underperforms Wednesday when compared to competitors
Shares of Peloton Interactive Inc.
slipped 5.42% to $113.36 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average
rising 0.13% to 34,933.23 and the NASDAQ Composite Index
falling 0.22% to 14,644.95. This was the stock’s second consecutive day of losses. Peloton Interactive Inc. closed $57.73 short of its 52-week high ($171.09), which the company achieved on January 14th.
The stock underperformed when compared to some of its competitors Wednesday, as Nautilus Inc.
fell 3.34% to $14.45, Planet Fitness Inc. Cl A
fell 0.72% to $72.91, and Nike Inc. Cl B
fell 0.03% to $161.54. Trading volume (10.3 M) remained 3.8 million below its 50-day average volume of 14.2 M.