Why Peloton's Woes Will Continue Well Into 2022
As much as any other stock, Peloton Interactive (NASDAQ: PTON) has been the poster child for the pandemic bust.
The connected-fitness stock was one of the big winners of the pandemic era as sales boomed during the lockdowns and its share priced soared as high as $171 in Jan. 2021, but since then it's fallen by more than 75%. Sales growth has ground to a halt, and the company has put up wide losses as it mistakenly bet on a continued expansion even as it faced headwinds from the economic reopening.
Image source: Peloton.
Source Fool.com
