Bulletin
Investor Alert

New York Markets Close in:

Market Pulse Archives

Aug. 13, 2020, 7:52 a.m. EDT

Peloton's stock falls toward 6th-straight loss after report of coming competition from Apple

new
Watchlist Relevance
LEARN MORE

Want to see how this story relates to your watchlist?

Just add items to create a watchlist now:

  • X
    Peloton Interactive Inc. (PTON)
  • X
    Apple Inc. (AAPL)
  • X
    Nike Inc. Cl B (NKE)

or Cancel Already have a watchlist? Log In

By Tomi Kilgore

Shares of Peloton Interactive Inc. /zigman2/quotes/208035743/composite PTON -1.19% dropped 4.0% in premarket trading Thursday, putting them on track for a sixth-straight loss, amid concerns that the at-home fitness company could face competition from Apple Inc. /zigman2/quotes/202934861/composite AAPL +1.38% Bloomberg reported , citing people with knowledge of the effort, that Apple was developing a new subscription for virtual fitness classes, which would rival the virtual classes offered by Peloton and Nike Inc. /zigman2/quotes/203439053/composite NKE +1.22% Shares of Nike slipped 0.2% ahead of the open, while Apple's stock gained 0.4%. Peloton shares have more than doubled (up 126.6%) year to date through Wednesday, while Apple 's stock has rallied 53.9% and the Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.96% has slipped 2.0%.

/zigman2/quotes/208035743/composite
US : U.S.: Nasdaq
$ 96.57
-1.16 -1.19%
Volume: 23.14M
Sept. 28, 2020 12:45p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$28.21 billion
Rev. per Employee
N/A
loading...
/zigman2/quotes/202934861/composite
US : U.S.: Nasdaq
$ 113.83
+1.55 +1.38%
Volume: 69.41M
Sept. 28, 2020 12:45p
P/E Ratio
34.47
Dividend Yield
0.72%
Market Cap
$1946.64 billion
Rev. per Employee
$1.98M
loading...
/zigman2/quotes/203439053/composite
US : U.S.: NYSE
$ 125.74
+1.51 +1.22%
Volume: 2.50M
Sept. 28, 2020 12:45p
P/E Ratio
74.85
Dividend Yield
0.78%
Market Cap
$193.78 billion
Rev. per Employee
$529,466
loading...
/zigman2/quotes/210598065/realtime
US : Dow Jones Global
27,705.35
+531.39 +1.96%
Volume: 197.03M
Sept. 28, 2020 12:45p
loading...

This Story has 0 Comments
Be the first to comment
More News In
Industries

Story Conversation

Commenting FAQs »
Link to MarketWatch's Slice.