Why Investors Are Hating These 2 Nasdaq Stocks Wednesday
2023 has been a good year for the Nasdaq Composite (NASDAQINDEX: ^IXIC) so far, with the index having recovered a significant portion of its 2022 losses. However, it still has a long way to go before it can reach all-time highs once again. Unfortunately, the Nasdaq wasn't able to hold onto early gains on Wednesday, losing about a third of a percent shortly before noon ET.
A couple of Nasdaq stocks saw particularly sharp declines Wednesday morning that stemmed from bad news in their respective businesses. American Airlines Group (NASDAQ: AAL) warned that its first-quarter financial results likely wouldn't be as strong as most had hoped, while stock analysts noted some negative trends for connected fitness equipment provider Peloton Interactive (NASDAQ: PTON) that weighed heavily on the stock.
Shares of American Airlines Group were down 9% at midday. The airline posted an update on its first-quarter financial results that compared reasonably well to its previous expectations but nevertheless left investors wanting more.
Source Fool.com
Peloton Interactive Inc. Stock
Currently there is a rather positive sentiment for Peloton Interactive Inc. with 10 Buy predictions and 3 Sell predictions.
With a target price of 7 € there is potential for a 112.41% increase which would mean more than doubling the current price of 3.3 € for Peloton Interactive Inc..
