Near Year-to-Date Lows, Is Peloton Stock a Buy?
Popular interactive exercise equipment maker Peloton (NASDAQ: PTON) is having a rough go of it in 2021. The good news for shareholders is that some of its troubles have arisen because demand for its products is so high. For instance, at the pandemic onset, orders for its products surged to the point where customers were waiting almost 10 weeks for delivery.
Let's go through a few more of its challenges this year and determine if it did enough to solve them. The market doesn't think it has, which could be why the stock is down 25% in 2021.
Peloton stock is down nearly 25% in 2021. Image source: Getty Images.
Source Fool.com
