With over 5.4 million members, Peloton (PTON) is one of the most popular names in the fitness sector right now. The shares of the fitness company witnessed astronomical growth during the pandemic, skyrocketing more than 400% in 2020.  However, the stock began to suffer consistent slips after January 2021. The reopening of economies has directly affected the company’s financial performance. The company generates revenue by selling fitness equipment like bikes and treadmills, besides providing digital and All-Access membership.  Notably, bike sales began to drop after May 2021, while there have been incidents of treadmill recalls. Indeed, Peloton’s growth is apparently decelerating as the company enters the new financial year.
https://www.tipranks.com/news/article/peloton-stock-rising-from-recall-woes?utm_source=advfn.com&utm_medium=referral
Peloton Interactive (NASDAQ:PTON)
Historical Stock Chart
From Nov 2021 to Dec 2021 Click Here for more Peloton Interactive Charts.
Peloton Interactive (NASDAQ:PTON)
Historical Stock Chart
From Dec 2020 to Dec 2021 Click Here for more Peloton Interactive Charts.