Peloton shares are trading lower amid overall market weakness following July PPI data.
Portfolio Pulse from Benzinga Newsdesk
Peloton's shares are trading lower due to overall market weakness following the release of July's Producer Price Index (PPI) data.
August 11, 2023 | 7:30 pm
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Peloton's stock is trading lower due to overall market weakness following the release of July's PPI data.
The release of the PPI data has led to overall market weakness, which has negatively impacted Peloton's stock. As the market reacts to the PPI data, investors are selling off their shares, leading to a decrease in Peloton's stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100