5 Stocks Making Headlines Today

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1. Peloton Interactive, Inc. (NASDAQ:PTON) has lost 14.45% of its value as of 12:24 PM ET after the New York-based exercise equipment, and media company was unable to impress investors and give them hope of becoming profitable. Despite hiring Barry McCarty as the new CEO, Peloton Interactive, Inc. (NASDAQ:PTON) is down 58.6% from its IPO price of $29. Peloton Interactive, Inc.’s (NASDAQ:PTON) market value stood at more than $50 billion at the start of 2021 as opposed to under $5 billion currently. The company is also under pressure from an activist investor in the form of Blackwells Capital. The hedge fund is pushing Peloton Interactive, Inc. (NASDAQ:PTON) to sell itself to a streaming giant like Netflix, Inc. (NASDAQ:NFLX) or Amazon.com, Inc. (NASDAQ:AMZN).

You can also take a peek at the 7 Best Stocks to Buy Now According to Bill Ackman and Top 10 Stocks Billionaire David Einhorn Just Added to His Portfolio.

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