Peloton Interactive Becomes Oversold (PTON) Wednesday, September 13, 4:18 PM ET, by Market News Video Staff Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy ...
Interesting PTON Put And Call Options For November 10th Thursday, September 28, 11:42 AM ET, by Market News Video Staff Investors in Peloton Interactive Inc (PTON) saw new options become available today, for the November ...
Notable Thursday Option Activity: DLTR, TGT, PTON Thursday, September 28, 3:20 PM ET, by Market News Video Staff Looking at options trading activity among components of the Russell 3000 index, there is noteworthy ...
Implied IYY Analyst Target Price: $124 Monday, October 2, 7:39 AM ET, by Market News Video Staff Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...
Looking back to 2 days ago, Peloton Interactive Inc (NASDAQ:PTON) priced a 23,913,043 share secondary stock offering at $46.00 per share. Buyers in that offering made a considerable investment into the company, expecting that their investment would go up over the course of time. In trading on Thursday, bargain hunters could buy shares of PTON and achieve a cost basis even cheaper than those buyers, with shares changing hands as low as $45.90 per share.
Secondaries can often present buying opportunities for bullish investors interested in purchasing shares, because the sudden extra supply of stock tends to require that the offering be priced at an attractive discount to where the stock had previously been trading before the offering announcement. At last check, Peloton Interactive Inc shares are currently trading off about 7.8% on the day. The chart below shows the one year performance of PTON shares, versus its 200 day moving average:
Looking at the chart above, PTON's low point in its 52 week range is $45.90 per share, with $171.09 as the 52 week high point — that compares with a last trade of $47.09.
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