Why Peloton Stock Dropped 19% in February
PTONPeloton(PTON) The Motley Fool·2024-03-07 23:02

Shares of connected fitness giant Peloton Interactive (PTON -1.25%) fell 19% in February, according to data provided by S&P Global Market Intelligence. The company reported its fiscal second-quarter results, and investors weren't too happy about them. The news is getting worse instead of better It's hard to believe that not too long ago, Peloton was riding high as a pandemic-era darling. Sales were soaring, and demand was so high the company couldn't meet it. But that came crashing down quickly. Part of the ...