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Barchart
Barchart
Mohit Oberoi

Peloton’s New Folding Treadmill Might Not Be a Magical Fix for PTON Stock

At-home fitness company Peloton Interactive (PTON) is launching three new treadmills. These include the foldable Tread Flex, which starts at $2,195 and is the company’s cheapest-ever treadmill. It is also launching the Peloton Tread Vision and Peloton Tread+ Vision, and announced new features for its artificial intelligence (AI) platform Peloton IQ. Markets gave the new products a thumbs up, sending the stock to an intra-day high of $5.28 yesterday, Sept. 22. PTON couldn't hold on to the gains, though, and settled only 1.4% higher at $5.02.

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