Is It Time to Sell Peloton Stock?
Peloton Interactive (NASDAQ: PTON) reported fiscal Q4 and full-year 2021 results on Aug. 26th, and based on the market's immediate negative reaction, the news wasn't good. The at-home fitness innovator was an obvious pandemic winner in 2020, when its stock price skyrocketed more than fivefold. But those good times appear to be over.
The $31 billion large-cap company saw revenue in the quarter soar 54% to $937 million, but this was still a sequential drop from Q3. Adding fuel to the fire was a loss per share of $1.05 that missed Wall Street estimates.
If you're unsure about selling your shares, here are three critical updates to look at that might help your decision.
Source Fool.com
