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Peloton's shares were 20% higher on the day of the announcement.
Peloton's (PTON 9.43%) sales had slowed dramatically as the economic reopening gained momentum. On August 24, it signed a deal with Amazon (AMZN 0.81%) 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.
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.
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