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Fly News Breaks for February 6, 2020
PTON
Feb 6, 2020 | 06:51 EDT
BMO Capital analyst Simon Siegel nudged his price target on Peloton down to $26 from $27 and kept his Market Perform rating after the company's mixed Q2 results, showing a beat on revenue and a "likely conservative" below-consensus Q3 guidance. The analyst notes that he remains positive on Peloton the product, but has some concerns than more users will trade down to its Digital-only offering.
News For PTON From the Last 2 Days
PTON
Apr 25, 2024 | 13:50 EDT
Peloton call volume 5x normal on large rolldown in Dec. Shares little changed today near $3.02 (98% below covid-era highs above 167) with notable flow in the December term where a buyer paid 28c for 20k 7/10 call spreads on the PHLX floor. Trade history shows buyer of similar size in the 10 strike calls in late Feb, early March near $1.06 with shares nearly $1 higher.