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Peloton Stock Is Down 95%: 1 Reason It Could Keep Crashing, and 1 Reason It Might Bounce Back

Peloton Interactive (PTON 0.15%) went public in 2019 with a stock price of 29.ByDecember2020,ithadmorethanquintupledtoarecordhighof29. By December 2020, it had more than quintupled to a record high of 163, as pandemic-related lockdowns and social restrictions triggered surging demand for the company's at-home exercise equipment.But Peloton's sales have plummeted since social conditions returned to normal. The company even faced the prospect of bankruptcy a few years ago as its net losses ballooned to unsustainable levels. As a result, its stock price has plung ...