Why Peloton Interactive Stock Lost 32% in September

Why Peloton Interactive Stock Lost 32% in September

Shares of Peloton Interactive (NASDAQ: PTON) plunged 32% in September, according to data provided by S&P Global Market Intelligence. This was the next phase of Peloton's woes. Back in February, the company said that founder and CEO John Foley would be "transitioning" to chairman of the board, with former Netflix executive Barry McCarthy taking over as CEO and president.