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Peloton Interactive Inc (NASDAQ:PTON) shares were trading lower Friday after President Donald Trump announced "Opening Up America Again" guidelines.
The plan presented by the White House Thursday to states said that gyms should be able to reopen in the first phase if they adhere to strict physical distancing and sanitation protcols.
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Peloton is seen as a stay-at-home stock during the pandemic as people seek different ways to get a workout in while gyms are closed.
A report that said Gilead’s (NASDAQ:GILD) drug remdesivir showed effective early results in coronavirus patients also drove market optimism Friday.
Peloton shares were down 7.87% at $33.49 at the close Friday. The stock has a 52-week high of $38.08 and a 52-week low of $17.70.
Photo courtesy of Peloton.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.