If This 1 Thing Happens in 2022, I'll Buy More Peloton Stock in a Heartbeat
Connected-fitness company Peloton Interactive (NASDAQ: PTON) is being booted from the Nasdaq 100 index, a collection of some of the stock market's largest growth companies. The Jan. 13 announcement of that change was just the latest development in the stock's precipitous fall from glory.
For those unaware, Peloton stock rose by around 500% from late 2019 through the end of 2020, as investors cheered its success. However, slowing growth has caused the stock to drop more than 80% from the all-time high it reached one year ago -- and right back to the neighborhood it was in as of December 2019.
You'd be hard-pressed to find a noisier stock than Peloton -- many popular arguments against the company miss the mark, in my opinion. In this article, I'll show you the real problem the company is facing. But I'll also remind you of where Peloton excels.
Source Fool.com
