Peloton Stock Falls After 800,000 Bikes Recalled Over Seat Issue
ToplinePeloton’s stock price stumbled 6% on Thursday shortly after the company announced it would voluntarily recall some 833,000 exercise bikes due to an issue that could cause seats to break during use.A seat post issue could cause injuries or falls, the Consumer Product Safety Commission said.Getty ImagesKey FactsThe recall applies to Peloton Original Series Bike+ model PL02 sold between December 2019 and July 2022, according to the company, and impacted bikes will have a serial number beginning with the ...