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Stock impact report

4 Bike Stocks to Consider in 2021 [The Motley Fool]

Vista Outdoor Inc. (VSTO) 
Last vista outdoor inc. earnings: 2/6 06:55 am Check Earnings Report
US:NYSE Investor Relations: investors.vistaoutdoor.com
Company Research Source: The Motley Fool
Bicycles have been around for more than 200 years now and were far from a high-growth industry prior to 2020. But then COVID-9 happened.Bike sales have exploded during the pandemic. According to National Bike Dealers Association data, bicycle sales increased nearly 30% in 2020. A permanent shift in global consumer behavior means this trend could continue for years to come.According to some forecasts, bicycle sales could increase by an average of 7% per year through the end of the 2020s, propelled by increased interest in exercise and wellness, more time spent outdoors, and bike-sharing technology. that play a part in this suddenly growing industry could present an investment opportunity.Investing in bike stocksBicycle manufacturing stocks — part of theindustrial sectorCompanyMarket CapitalizationDescriptionPeloton Interactive(NASDAQ:PTON$30 billionTop at-home workout company and stationary bike maker.ShimanoOTC:SMNNY$27 billionA Japanese manufacturer that makes bike components.Vista Show less Read more
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