Why Peloton Stock Is Tumbling 6% Today
Shares of connected fitness equipment maker Peloton Interactive (NASDAQ: PTON) were falling 5.9% at 10:45 a.m. ET Wednesday after the activist investor pushing for the company to be sold reportedly said it doesn't see much change happening despite the executive suite shake-up.
Image source: Getty Images.
Peloton's business cratered after the company badly misjudged the impact consumers going back to the gym would have.
Source Fool.com