Why It's Worth Holding On for Peloton's Bumpy Ride
It wasn't a great start to the new fiscal year for Peloton (NASDAQ: PTON). When the company reported its Q1 earnings on Nov. 4, investors reacted negatively and shares dropped over 35% by market close on Nov. 5.
At first glance, the results reported by the interactive fitness company seemed to warrant the sell off. An incredible run of stock performance in 2020 had inflated both the company's valuation and investors' expectations. However, there is reason to believe this is simply a bump in the road and that the market's reaction may have been overblown.
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Source Fool.com
