Peloton Interactive (NASDAQ: PTON) has been in flux for a while, and the situation doesn't seem to be improving. There may be a solid business tucked into it, but it's been struggling to scale, and its new CEO is already out.

There's always the chance for a turnaround, but I wouldn't invest in Peloton right now. Instead, I'd go for a different fitness stock that's also down right now -- Lululemon Athletica (NASDAQ: LULU). Here's why.

Peloton is a leader in connected fitness, but it's been struggling to grow and produce profits. It had the fortune to become a public company almost immediately prior to the onset of COVID-19, leading to surging sales and enthusiastic investors. But as a young and inexperienced company, it made some mistakes too big to easily walk back.

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Source Fool.com