Why Peloton Stock Slipped Today
Hardly for the first time in recent months, the stock of Peloton Interactive (NASDAQ: PTON) landed in negative territory on Tuesday. The shares slid by 0.4%, against the nearly 1% gain of the frothy S&P 500 index, on the back of a high-level executive change.
In a regulatory filing, Peloton divulged that it has appointed a new chief financial officer (CFO), Elizabeth Coddington, who will replace Jill Woodworth effective next Monday, June 13.
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Source Fool.com