This High-Growth Stock Is 30% Off Its All-Time High
After reaching an all-time high of $171.09 on Jan. 14, Peloton Interactive (NASDAQ: PTON) stock has shed 30% of its value in the past six months. Investors are clearly concerned the at-home fitness leader's business will suffer as the U.S. economy reopens and more people start to feel comfortable joining gyms again.
Peloton has also been battling supply chain and safety issues, both of which have added to the pessimistic sentiment around the stock. But the company's business is booming, and it will continue to benefit from powerful competitive advantages in a market with plenty of room for growth.
Source Fool.com
