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Benzinga

Business

Henry Khederian

RARE PHOTOS: Why peloton shares are falling | Vintage Vibes

Peloton Nasdaq US Federal Reserve

Peloton Interactive Inc (NASDAQ:PTON) shares are trading lower by 8.3% at $27.25 in sympathy with the overall market amid a rise in Treasury yields along with anticipation of Fed tapering. The weakness could also possibly be attributed to profit taking after the stock rallied approximately 21% over the past 2 trading sessions.

Despite another volatile trading session on Monday, Peloton shares found themselves higher. Strength was attributed to activist investor Blackwells Capital sent a letter to the Peloton Board of Directors, calling for new leadership and initiation of strategic alternatives.

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