Angelica Ballesteros
2 min read
In This Article:
Peloton Interactive, Inc. (NASDAQ:PTON) is one of the Massive Sell-Offs: These 10 Stocks Shockingly Nosedived.
Peloton Interactive dropped its share prices by 11.2 percent week-on-week, from $6.96 on June 13 to $6.18 last Friday, following two of its executives’ disposition of shares in the company.
In separate regulatory filings, Peloton Interactive, Inc. (NASDAQ:PTON) said its chief finance officer, Elizabeth Coddington, and chief product officer, Nick Caldwell, sold a significant chunk of their stakes last week.
Coddington, for her part, disposed of $269,322 worth of PTON stocks, covering 38,708 units at a price of $6.9578 apiece. Meanwhile, Caldwell sold worth $446,759, covering 63,925 shares at a price of $6.9888 apiece.
Investors typically view insider selling negatively, especially when a company states no reason for the sale.
In the third quarter of fiscal year 2025, Peloton Interactive, Inc. (NASDAQ:PTON) narrowed its net losses by 71.5 percent to $47.7 million from $167.3 million in the same period last year, pushing its nine-month losses down by 73 percent to $140.5 million from $521.4 million in the same comparable period.
A group of people in a fitness class with connected fitness products in a studio or gym.
Revenues for the last quarter declined by 13 percent to $624 million from $717.7 million year-on-year, while revenues for the nine-month period decreased by 8 percent to $1.883 billion from $2.056 billion.
While we acknowledge the potential of PTON as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.
READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires.
Disclosure: None. This article is originally published at Insider Monkey.
