Why Peloton's Stock Is Trading Lower Today

Peloton Interactive PTON shares are trading lower on Monday, potentially selling off following last week's strength after the company reported strong fourth-quarter results and issued upbeat guidance.

Peloton operates an interactive fitness platform. It operates its business in three reportable segments: Connected Fitness Products, subscription, and other. Connected Fitness Product revenue consists of sales of bike and tread and related accessories, associated fees for delivery and installation, and extended warranty agreements.

Peloton shares were trading down 4.29% at $80.43 during the time of publication Monday. The stock has a 52-week high of $98.61 and a 52-week low of $17.70.