Peloton Interactive Inc PTON shares are trading lower by 4.4% at $98.65 during Thursday's trading session. Weakness is potentially related to competitor Ergatta raising additional funding, as well as continued selling in pandemic-related, stay-at-home stocks amid the U.S. reopening process.
Peloton provides interactive fitness products in North America and internationally. It offers connected fitness products, which include a touchscreen that streams live and on-demand classes.
The company also provides connected fitness subscriptions for multiple household users, and access to all live and on-demand classes, as well as the Peloton Digital app for connected fitness subscribers to provide access to its classes.
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