Peloton Slashes Strength-Training Product Price By 40%: Reuters

• Peloton Interactive Inc's (NASDAQ:PTON) strength training product, Peloton Guide, is available at a starting price of $295, about 40% lower than the original price, Reuters reported.
• The Guide will be available for purchase in the U.S., Canada, U.K., and Australia starting today.
• The Guide turns the TV or computer monitor into a big-screen player for Peloton's fitness content and a digital mirror for workouts.
• The company launched the Peloton Guide last year with a starting price of $495.
• Price Action: PTON shares are trading lower by 4.86% at $26.46 on the last check Tuesday.