Why Peloton Stock Was Out of Breath on Friday
How a company is portrayed in popular media can at times impact its stock price. That seemed to be the dynamic in play on Friday with Peloton Interactive (NASDAQ: PTON), as one of the exercise equipment maker's machines was a factor in the demise of a character on a TV show. The stock fell by more than 5% on the day.
On Thursday, HBO Max premiered And Just Like That, a 10-episode successor series to the iconic 1990s hit Sex And The City. And at the end of its first episode, a key secondary character dies of a heart attack just after a vigorous workout on a Peloton bike. (No, I won't spoil it any further.)
Image source: Peloton Interactive.
Source Fool.com
