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Why Peloton Stock Tumbled on Tuesday

Why Peloton Stock Tumbled on Tuesday

Many stocks are not doing well in these early weeks of 2022, but Peloton Interactive (NASDAQ: PTON) is a particularly notable decliner. Battered by news of production "resetting," preliminary results that indicated some weaker-than-expected fundamentals, and an activist investor's call for significant change, the stock has received another blow. As a result, Peloton shares closed Tuesday nearly 11% lower.