Why Peloton Stock Tumbled on Tuesday

·2 min read
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.

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