2 Big Reasons to Sell Peloton Stock, and 1 Reason to Buy
Peloton Interactive (NASDAQ: PTON) was a pandemic darling. Its at-home exercise equipment is fitted with digital tablets packed with virtual classes and the ability to stream content, making it the perfect companion for a workforce confined to lockdowns and work-from-home arrangements.
After hitting a pandemic-low price of $19.72 a share in March 2020, Peloton stock soared 725% by December of that year. But as society has progressively reopened and Peloton suffered through some issues, the stock took a steep fall back to Earth, losing 83% of its value.
Image source: Peloton.
Source Fool.com