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Peloton's Stock Soars After Deal With Amazon

Peloton's shares were 20% higher on the day of the announcement.

By Parkev Tatevosian, CFA – Aug 24, 2022 at 5:27PM EST

Peloton's (PTON 4.10%) sales had slowed dramatically as the economic reopening gained momentum. On August 24, it signed a deal with Amazon (AMZN +1.36%) to have its products sold on its platform in the U.S. In this video, I discuss the potential implications of that deal. 

Stock prices used were the afternoon prices of August 24, 2022. The video was published on August 24, 2022.

 

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About the Author

Parkev Tatevosian, CFA
A Fool since 2019, and a graduate of Cal State LA with a B.S. in Finance and M.A. in Economics. Parkev is an adjunct professor of Finance and enjoys reading about financial and economic history. You'll often find him writing about stocks in the consumer goods and technology sectors.
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John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Parkev Tatevosian has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon and Peloton Interactive. The Motley Fool has a disclosure policy.

Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through fool.com/parkev, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.

Stocks Mentioned

Peloton Interactive Stock Quote
Peloton Interactive
NASDAQ: PTON
$5.14
(-4.10%)-$0.22
Amazon Stock Quote
Amazon
NASDAQ: AMZN
$271.92
(+1.36%)+$3.66

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

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