PTON stock price closed at $4.77, slightly lower on profit-taking. However, the stock’s beta of 1.8 suggests it could outperform during bullish periods in the consumer discretionary sector. Capital intensity will likely ramp up in the next year as its free cash flow margin is expected to contract by 2.7 percentage points In Stern's letter to shareholders, there were no explicit plans to raise prices on subscriptions or hardware, but he said the company will rework its use of promotions and "adjust prices" to reflect its high costs. PTON stock price hit $4.89 after news of new product launches slated for late
