Peloton Interactive Inc. (NASDAQ:PTON) shares are trending on Wednesday.
Shares of the New York-based tech-fitness company surged 0.85%, trading at $5.91 in after-hours activity on Tuesday.
According to Benzinga Pro data, the regular session closed at $5.86, down 7.42%.
COO Executes Stock Transaction
Charles Peter Kirol, Chief Operating Officer of Peloton, sold 22,520 shares on Jan. 16 at a weighted average price of $6.4676, according to a Securities and Exchange Commission filing on Tuesday. The transaction totaled approximately $145,650.
Kirol also had 56,510 restricted stock units vest on Jan. 15.
The sale was executed to cover tax liability from settled restricted stock units, the filing stated.
The RSUs vest quarterly in equal 1/12 installments that commenced Jul. 15, 2025.
Following the transactions, Kirol holds 81,001 shares and 508,590 restricted stock units.
Legal Action Over Trump Tariffs
Athletech News, a comprehensive media platform for the fitness and wellness industry, reported that Peloton filed a lawsuit against the U.S. government on Jan. 7 in the U.S. Court of International Trade, challenging tariffs imposed under the International Emergency Economic Powers Act by former President Donald Trump.
The company seeks to have the tariffs declared unlawful and requests a full refund of all tariffs paid.
Trading Metrics, Technical Analysis
The stock has declined 30.57% over the past 12 months, reflecting a sustained downtrend. This significant drop underscores ongoing challenges for the company and suggests that investors should exercise caution.
With a market capitalization of $2.45 billion, Peloton Interactive's stock has traded in a 52-week range of $4.63 to $10.25.
The Relative Strength Index (RSI) of the stock stands at 38.08.
Currently, Peloton Interactive's stock is trading at 21.89% of its 52-week range, placing it closer to its lows than its highs. This position indicates limited buying interest and could result in further declines if support levels are tested.
Benzinga’s Edge Stock Rankings indicates PTON stock has a negative price trend across all time frames.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
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