Sell This Stock Before the Market Crash Worsens
Peloton (NASDAQ: PTON) debuted on the public markets in September of last year at a price of $27 per share. Since then, the stock has soared 350% to reach its current market capitalization of $32 billion.
The S&P 500 is up only 12% during this same time period, which reveals Wall Street's love affair with the connected fitness company. Peloton continues to benefit from the coronavirus pandemic's effect on people's hesitation to go back to gyms, and it's safe to say the stock is priced for perfection.
If, however, the recent dip in the overall stock market worsens, investors should consider trimming their positions in Peloton.
Source Fool.com
