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Peloton Stock Plunged 30%. Is It a Buy or Sell Today?

Peloton is struggling where it matters most.

By Travis Hoium – Updated Feb 2, 2024 at 4:00PM EST

Shares of Peloton (PTON 0.13%) dropped like a rock on Thursday after the company reported financial results for the fiscal second quarter of 2024. Not only is the company not growing subscribers as investors hoped, but free cash flow is further off than expected.

In this video, Travis Hoium shows why the results were so concerning.

*Stock prices used were end-of-day prices of Feb. 1, 2024. The video was published on Feb. 1, 2024.

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About the Author

Travis Hoium
Travis Hoium is a contributing Motley Fool stock market analyst covering solar energy, technology, and growth stocks. Before The Motley Fool, Travis was a mechanical engineer at 3M and founded a virtual reality company. He holds a bachelor’s degree in mechanical engineering and a master’s degree in business administration from the University of Minnesota.
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John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Peloton Interactive. The Motley Fool has positions in and recommends Amazon, Lululemon Athletica, and Peloton Interactive. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.

Stocks Mentioned

Peloton Interactive Stock Quote
Peloton Interactive
NASDAQ: PTON
$3.83
(-0.13%)-$0.01
Amazon Stock Quote
Amazon
NASDAQ: AMZN
$213.23
(-2.61%)-$5.71
Dick's Sporting Goods Stock Quote
Dick's Sporting Goods
NYSE: DKS
$197.24
(-2.46%)-$4.98
Lululemon Athletica Inc. Stock Quote
Lululemon Athletica Inc.
NASDAQ: LULU
$170.09
(-1.78%)-$3.09
Beachbody Stock Quote
Beachbody
NASDAQ: BODI
$8.27
(-4.89%)-$0.43

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

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