Peloton’s Shares Slide As Morgan Stanley Warns Of Slowing Web Traffic
April 12, 2023
Peloton Interactive Inc.’s shares fell 11.2 Wednesday after Morgan Stanley said the connected fitness company’s web traffic had decelerated and could hinder growth.
Shares fell $1.29 to $10.20 on the day. The stock’s 52-week range is between $6.66 and $26.50.
Morgan Stanley reiterated its “In-Line” rating at a price target of $4.50. SGB Media