Why Peloton Stock Tumbled Today
PTONPeloton(PTON) fool.com·2024-05-22 07:42

Shares of the connected fitness operator fell on a new debt offering. Shares of Peloton Interactive (PTON -16.37%) were taking a dive today after the high-end maker of exercise bikes announced a global refinancing that could include borrowing at an interest rate above 11%. As a result, the stock finished the day down 16.4%. Peloton needs help Just a few weeks ago, Peloton reported another disappointing earnings report, complete with a decline in revenue and another wide loss. On Monday after hours, the comp ...