*PELOTON STOCK HITS ALL-TIME LOW AFTER COMPANY RECALLS MORE THAN 2 MILLION BIKES $PTON
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Peloton stock closes at new all-time low after recall announcementShares of Peloton Interactive Inc. slid to a new all-time low Thursday, with a recall announcement the latest in a string of negative developments.
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Peloton recalls 2.2 million exercise bikes over seat issuePeloton Interactive Inc will recall 2.2 million exercise bikes due to the risk of injuries from a seat-related issue, the company said on Thursday, sending its shares down 7%.
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Peloton is recalling more than 2 million exercise bikes. Here's whyPeloton is recalling more than 2 million of its exercise bikes because the bike’s seat post assembly can break during use, posing fall and injury hazards. The recall includes approximately 2.2 million of the Peloton Bikes Model PL01. The bikes were sold from January 2018 through May 2023 for about $1,400. They were sold at Peloton and Dick’s Sporting Goods stores nationwide and online at Amazon, Peloton and Dick’s websites.
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Peloton is recalling more than 2 million exercise bikes in the U.S. Here's whyPeloton is recalling more than 2 million of its exercise bikes in the U.S. because the bike’s seat post assembly can break during use, posing fall and injury hazards. The recall includes approximately 2.2 million of the Peloton Bikes Model PL01. The bikes were sold in the U.S. from January 2018 through May 2023 for about $1,400. They were sold at Peloton and Dick’s Sporting Goods stores nationwide and online at Amazon, Peloton and Dick’s websites.
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