Why Peloton, Shopify, and Booking Holdings Stocks All Sank Today
Shares of home-exercise company Peloton Interactive (NASDAQ: PTON), e-commerce titan Shopify (NYSE: SHOP), and online travel agency Booking Holdings (NASDAQ: BKNG) all started off 2021 on a low note Monday. As of 2:20 p.m. EST today, all three stocks were down, with Peloton off 4.6%, Shopify 3.9%, and Booking Holdings 2.8%. And all probably for the same reason: Wall Street analysts.
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In a rapid-fire series of stock initiations, Barclays came out today with an overweight rating on Peloton but only an equal-weight rating on Shopify.
Source Fool.com
