Diamonds and Dogs
Time for a vacation. The Expedia (EXPE) online travel agency stock is up 3% on insider buying. The stock took a drop of 27% a month ago on disappointing earnings. Since then the stock has slowly rebounded as the CEO and CFO have been let go. Today the stock is higher as one director bought $2 million worth of stock. It was his first purchase of Expedia stock on the open market, and the first by any Expedia insider since September 2014.
Peloton (PTON) having a tough couple of weeks. Peloton has been taking flak for an ad featuring an already slim woman. Today, Peloton's stock is down 6% as the Citron Research firm said the first mover advantage is gone and the lack of differentiation of its bike has finally caught up to them. The competition is not only making virtually identical exercise bikes but also bikes that are both more affordable and functional. Citron lowered his price target for Peloton to $5 a share or 84% below current levels.