Buy, Sell, or Hold Peloton Stock at $31 a Share?

Buy, Sell, or Hold Peloton Stock at $31 a Share?

Peloton Interactive (NASDAQ: PTON) was the ultimate "stay-at-home" stock in 2020, as more people rushed to buy at-home fitness equipment to stay active. After soaring to a high of $171 in early 2021, the share price has sunk all the way to around $31 at the moment. With the share price approaching the $30 level, the valuation is starting to look very tempting.