After going public in Sept. 2019, Peloton Interactive (NASDAQ: PTON) has been an absolute darling on Wall Street. The stock skyrocketed over 400% from the initial public offering through the end of 2020, elevating it to large-cap status.
However, it's been a completely different story the past few months. The stock price has fallen 33% year to date as of this writing, and investors are certainly wondering what's happening with the company.
Is this just a temporary speed bump or something more permanent as the world starts to open back up and people venture out again? The answer will determine whether or not investors should take a bite out of this high-growth stock.
Source Fool.com