KB Advisory Group LLC Kristin Bentz discusses her outlook for Peloton stock.
Peloton said it temporarily closed its New York and London studios as a response to the worsening coronavirus pandemic, however, it will still stream live content without an audience.
Continue Reading Below
The at-home fitness company, which was slated to open a new flagship studio in Manhattan on Thursday, plans to produce and stream workout content from the new location. Studios will be closed to the public "until further notice," Peloton's CEO John Foley wrote in a statement to members.
"At Peloton, we care deeply about community, and the COVID-19 pandemic has impacted not only our own team and Members but also the global community at large," Foley wrote.