Shares of Peloton Interactive Inc. slid to a new all-time low Thursday, with a recall announcement the latest in a string of negative developments.
Shares of Peloton Interactive Inc. slid to a new all-time low Thursday, with a recall announcement the latest in a string of negative developments for the maker of connected exercise equipment.
Peloton’s... Shares of Peloton Interactive Inc. slid to a new all-time low Thursday, with a recall announcement the latest in a string of negative developments for the maker of connected exercise equipment. Peloton’s stock has suffered a fall from grace since the company went public in September 2019 with an initial public offering price of $29 a share. The shares finished as high as $167.42 Jan. 13, 2021, buoyed by strong demand for its equipment as the stay-home economy roared on during the pandemic. But demand for Peloton bikes cooled in a big way as the economy reopened, and the company has been trying to find its footing in the new reality.
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