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Barchart

Chris MacDonald

Hey PTON Stock Investors, Here’s What You Should Be Making of the Latest Move by David Einhorn

David Einhorn Peloton PTON

As one of the most important investors of our time, David Einhorn is a legend on Wall Street that many investors pay close attention to, and for good reason. I'm one such investor who follows the 13-F filings of Einhorn's DME Capital Management, and when there's a big move, I want to dive in. In addition to adding stakes in Warner Bros. Discovery (WBD), PayPal (PYPL) and Fortune Brands (FBIN) during the second quarter, Einhorn completely exited his position in Peloton (PTON) in Q2.

Let's dive into what may be behind this move, and what investors should make of Peloton moving forward.

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