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Peloton lower on day two of trading

2019-09-27 23:20

Peloton Interactive (NASDAQ:PTON) is down 3.75% and traded as low as $23.76 earlier in the session.

Peloton execs have been positive in media interviews after the public debut of the company. "We obviously wish the stock traded better on the first day, but we’re in it for the long haul and are excited for capital to continue to grow our business," stated CFO Jill Woodworth.

Looking ahead, Peloton is pinning its hopes on new products, software revenue and international growth.

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