MoxReports says it’s long Peloton Interactive (PTON +4.4%) with the company now past its feared IPO share lockup expiration.
Peloton is also seen generating more interest as a
coronavirus play if more consumers decide to exercise at home. The pair
trade would in theory be with Planet Fitness (OTCPK:PNLT), which is down 5.22% despite an earnings beat.
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