It's horrible. I just think the stock has bottomed, and they've brought in someone new. I think they can raise cash to try some new things, leveraging their name, ie completely new products etc, because the bikes and treadmills aren't getting it obviously. Subscriptions are ok, but they need new outside the box ideas. The name recognition is there however. Maybe they'll buy one of those workout companies you always like. I like the one that has all the different boutique gyms. I forget which one that is. XPOF maybe?
And a wall it hit. I had a feeling it would drop right back down to $2.50. For today at least. Still something up with that volume though, and 33 block trades good for 250K shares.
SMAR not great, VIRC $5 to $7.40. Them furniture stocks like MLKN and VIRC, they remind me of PRPL and LOVE before the run.
Scraped $118-$83 ave. “ Security XOM CALL 09/29/2023 $120.00 Account Self-Directed ( Action Sell to close Order type Limit $1.18 Quantity XX Filled XX Time in force Day Status Fully executed Order number K Order time/date 3:51 PM ET 09/27
I have never mentioned PTON on ET, aside from maybe joking about a Cramer call a time or two. Never traded it. Never really looked at it. It just popped in my head today for no reason and I felt compelled to share it as Stoney always wants new ideas and I really don't offer many. Hmph. Lululemon Strikes Deal With Peloton for Fitness Content, Will Ax Mirror Device By Mark Gurman September 27, 2023 at 4:10 PM EDT Updated on September 27, 2023 at 5:10 PM EDT Lululemon Athletica Inc. agreed to a five-year partnership with Peloton Interactive Inc. that involves tapping its online workouts and teaming up on apparel, a deal that helps the yogawear company wind down an unprofitable foray into digital fitness equipment. As part of the accord, announced Wednesday, Lululemon will make co-branded clothing that Peloton will sell on its website and at retail stores. Peloton’s fitness content, meanwhile, will be offered to users of the Lululemon Studio Mirror, a $995 device that lets people work out in front of a 43-inch screen, and the apparel maker’s free digital app. _____________________ That would certainly be "new blood", but I honestly thought the ideation was referring to the new product officer. Oh well.. radio sv i guess. PTON---> $5.40 (+16%)