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 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 ...