Why Peloton Interactive Is Falling Today While the Market's Rising
Shares of Peloton Interactive (NASDAQ: PTON) were falling 4% in morning trading Wednesday after an analyst at Wedbush downgraded the home fitness stock to neutral from outperform.
Peloton was a big winner after gyms were forced to close during the pandemic. Even as the COVID-19 outbreak looked to be fading, Wall Street was still pretty upbeat about the home fitness equipment maker's growth potential as it surmised it would keep many of the customers it won even after gyms began reopening.
Image source: Peloton Interactive.
Source Fool.com