Peloton stock
In the companys first quarter of fiscal 2022 Pelotons most recently reported. PTON stock is having a miserable start to 2022.
Related Image Peloton Fitness Marketing Indoor Cycling
Peloton shares got pummeled Thursday on reports it is pausing bike production leading the company to issue an evening statement denying the claims.
. Earlier Pelotons stock crashed more than 30 on Nov. The main reason for Peloton stocks decline this year has been a dramatic deceleration in the companys growth. Already the share price has crashed 24.
Shares fell 239 to 2422 a two-year low in. The Nasdaq 100 is down 115 and the SP 500 is down 8 so far. I did expect US markets to crash this year.
5 after the company said that connected fitness subscribers of 249 million was roughly in. Its not much better over one year either as its down by a huge 83.
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