Why Peloton Interactive Has Fallen This Week

·2 min read
Why Peloton Interactive Has Fallen This Week

Not even an activist investor calling on Peloton Interactive (NASDAQ: PTON) to fire its CEO and sell the company was enough to stop the connected-fitness guru's stock from falling this week. Shares of the treadmill and stationary exercise-bike maker are down 11.6% from where they closed last Friday, according to data from S&P Global Market Intelligence, as there apparently aren't any takers who want to buy the company because it's in such disarray. It's been one bad-news cycle after another for Peloton after it reported a fiscal second-quarter earnings update that showed demand for its exercise equipment has been quickly evaporating.

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