On average, 90% of all stocks move down with the market, and 75% - up. The wave principle applies to some extent to individual stocks, but counting waves for them is often confusing and has little practical significance. But since the company has a large capitalization, we assume that the state of the shares depends on the psychology of the masses
Peloton Interactive, Inc. provides us with non-vital goods - home fitness platforms(In times of economic crisis they are not in great demand).
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