Down 42%, Where Will Peloton Stock Land at the End of 2024?
PTONPeloton(PTON) The Motley Fool·2024-07-14 04:00

The connected fitness company is struggling to survive.Peloton (PTON 4.75%) is one of the worst-performing, hyped-up stocks in recent memory. The connected fitness provider that sells exercise bikes, treadmills, and workout subscriptions is off 98% from all-time highs, meaning every 100investedatthepeakisworthjust100 invested at the peak is worth just 2 today. After seeing a boom in demand during the pandemic's height, Peloton has struggled to retain subscribers, generate a profit, and manage its balance sheet.In 2024 alone, the stock ...