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Why Peloton Interactive Is Giving Back Some of Yesterday's Gains

TheMotleyFool

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Why Peloton Interactive Is Giving Back Some of Yesterday's Gains: https://g.foolcdn.com/editorial/images/703719/peloton-guide-strength-training-source-pton.png

Easy come, easy go. Shares of Peloton Interactive (NASDAQ: PTON) were falling 5% at 11:41 a.m. ET on Wednesday after soaring almost 19% yesterday on a deal with Hilton Worldwide Holdings to place fitness equipment in all of its hotels.

While the decline today means the connected fitness equipment maker is still up 12% from Monday's close, Peloton has had a hard time retaining any of the previous rallies in its shares. The stock is down 92% from its 52-week high.

Image source: Peloton Interactive.

Source Fool.com

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