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Peloton Shares Drop — Is A Big ‘And Just Like That…’ Plot Twist Really To Blame?
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deadline.comSPOILER ALERT: This post describes a key plot detail in Sex and the City revival And Just Like That, which premiered last night on HBO Max.Shares in Peloton fell 5% in morning trading to about $38.50 — but that’s not a new phenomenon in 2021.The fitness company’s stock has declined 73% this year, and dropped 11% in yesterday’s session alone.
The downward trajectory reflects the general sentiment that the Covid darling faces stiffer challenges as people return to gyms and other in-person workouts.
Wall Street firm Credit Suisse added its voice to the chorus this morning, downgrading the stock to “neutral” from “overperform” and slashing its 12-month price target to $50 from $112.Outside of the financial realm, there was also news last night
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