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-0.00107181136120041 -0.00214362272240081 -0.000428724544480124 0.00321543408360141 -0.00214362272240081 0.00321543408360141 0.00321543408360141 0.00321543408360141
Stock impact report

Peloton ‘not dying anytime soon' says Canadian investor after stock jumps overnight [BNN Bloomberg (Canada)]

Opendoor Technologies Inc (OPEN) 
Company Research Source: BNN Bloomberg
The company is known for its stationary bikes and treadmills equipped with large touchscreens that stream instructor-led workouts. It reached an all-time stock price of US$171 during the pandemic in 2021, as the demand for at-home workouts increased during COVID-19 shutdowns. But interest and demand quickly dropped post-pandemic, as the stock continued to fall, sitting at an all-time low of $3.65 two weeks ago. However, “it's not dying anytime soon,” Eric Jackson, founder and president of EMJ Capital, known for identifying high growth stocks. Peloton shares soared 17 per cent on Friday after Jackson announced he is long on the stock, citing its strong free cash flow, potential for an AI-driven turnaround, and corporate wellness expansion. On Tuesday midday, the share price sat over $4. “This is a stock that's generating US$345 million in free cash flow in the last 12 months,” says Jackson. “It has debt, but with that kind of free cash flow, it can easily manage that debt, Show less Read more
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