Peloton and some bike stocks trade down on vaccine news
November 9, 2020
Major stock indexes soared Monday, apparently on Pfizer’s announcement before markets opened in New York that its COVID-19 vaccine candidate was achieving 90% effectiveness in trials. However, some bike-related stocks that have been booming during the pandemic were trading down on the news. Peloton, Fox Factory, Dorel, GoPro, Vista Outdoor and Garmin. Read more on Bicycle Retailer.