PTON - CEO dumped 100k shares Aug 20
Earnings is Aug 26th. 1. The CEO just dumped 1/3 (100,000) of his shares Friday Aug 20th, leaving him with 200k shares. 2. Weekly chart - Bearish Head and shoulders pattern. 3. Earnings - Last quarter, they beat EPS and revenue, but guided revs lower for next Q. Most of USA was open during this quarter, probably less sales. I think if there is another lockdown, PTON will pick up in the next quarter. So, if you want to go long, wait for after this ER. $82 area would be good entry. 4. Options flow - There are over 15k $100 puts and some calls in 110, 120 strike. The put call ratio is 1.16 (bearish).
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.