Story stocks gain that label because they're penning dramatic tales of growth and impressive chapters of shareholder returns. But as fans of cinema and literature know, not all stories have happy endings.
Peloton Interactive's (NASDAQ: PTON) story isn't over, but its recent chapters have been forgettable. On Jan. 13 -- the fifth anniversary of the day it hit its all-time high of $167.42 -- it opened trading at $6.62. Declines like that often spark discussions about whether the stock in question is offering credible value or if it's a value trap.
Sign in to read the full article.
Sign in with Google