Peloton (PTON) Partners with Hilton (HLT)

Peloton Interactive (PTON) is today’s FOMO stock. Alex Coffey and Jenny Horne discuss Peloton’s new partnership with Hilton (HLT) hotels. Jenny and Alex break down the deal which will put Peloton stationary bikes and/or treadmills in all 5,400 U.S. Hilton hotel fitness centers. Shares of PTON rose following the Monday announcement. Last Thursday PTON fell 14% in a single session after unveiling plans to sell its products at Dick's (DKS) Sporting Goods stores. Alex demonstrates an example trade using shares of PTON which were trading ~$7.45 Monday midday.