What's Happening With PTON Stock And PLTR Stock Wednesday?

One of the most common questions traders have about stocks is “Why Is It Moving?”

That’s why Benzinga created the Why Is It Moving, or WIIM, feature in Benzinga Pro. WIIMs are a one-sentence description as to why that stock is moving.

Here’s the latest news and updates for Peloton and Palantir.

Peloton Interactive Inc PTON shares are trading lower Wednesday afternoon. The weakness is potentially related to the reopening process amid the COVID-19 vaccine rollout. Gym reopenings could lower the demand for at-home fitness platforms.

Peloton operates an interactive fitness platform. The company generates the majority of its revenue from the sale of Connected Fitness Products that garnered an abundance of attention in 2020 during the onset of the pandemic.

Palantir Technologies Inc PLTR shares are trading lower. The weakness has been attributed to Tuesday comments from CEO Alex Karp on CNBC criticizing Wall Street's short-term focus and said there are "plenty of other things to invest in" for short-term investors.

See also: How to Buy Palantir Technologies (PLTR) Stock

Palantir provides organizations with solutions to manage large disparate data sets in an attempt to gain insight and drive operational outcomes.