Shares of Peloton Interactive Inc. (PTON) dropped 3.0% in premarket trading, to pull back from the previous session's record close, after Amazon.com Inc. (AMZN) unveiled its "Echelon Smart Connect Fitness Bikes," for $499. The Amazon exclusive ( ) offers live and on-demand classes, and said one membership works for all machines including Connect Bikes, Row, Reflect mirrors and future machines. Peloton's exercise bike starts at $1,895, and the Peloton Bike+ offering starts at $64 per month. Peloton's stock has rocketed 233.8% year to date through Monday, while Amazon shares have rallied 60.2% and the S&P 500 has gained 1.6%.
-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
September 22, 2020 08:50 ET (12:50 GMT)
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