Why Peloton Stock Plummeted 27% in April
PTONPeloton(PTON) The Motley Fool·2024-05-02 21:43

Investors don't see a rosy future, and it's only getting worse. Shares of connected fitness company Peloton Interactive (PTON 8.23%) stock dropped 27% in April, according to data provided by S&P Global Market Intelligence. While there wasn't any significant news in April, it was a continuation of a slide that's been ongoing and was reinforced with uninspiring results released in February. Things aren't going well in Peloton land Peloton rocketed to stardom early in the pandemic when fitness enthusiasts had ...