Peloton Changes Course and Increases Prices

Peloton (NASDAQ: PTON) stock is in a world of hurt in recent months. The beloved stay-at-home stock is coming unraveled as economies are reopening and folks have more options on where and how they can exercise. Shares are down 70% in the last three months.

The interactive exercise equipment maker initially cut the price of one of its popular products by $400 and is now reversing course and increasing prices. Let's look at why that might be good news for investors. 

Image source: Getty Images.

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Source Fool.com