Why Peloton Stock Was Falling Today

Shares of Peloton Interactive (NASDAQ: PTON) were slipping Monday, more than reversing their gains from Friday as investors readjusted their threat assessment relative to the new omicron COVID-19 variant.

While stocks fell broadly on Friday, Peloton and other pandemic winners rose as the market anticipated them benefiting from reinvigorated social distancing measures. However, such stocks were largely giving those gains back Monday morning.

After Peloton rose 5.7% on Friday, it was down 7% as of 11:41 a.m. ET.

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Source Fool.com