Jump to content

Peloton shares crash after production suspended


Recommended Posts

Peloton shares crash after production suspended

In a re-grouping of its corporate strategy, exercise bike manufacturer Peloton (PTON) has seen its shares crash through its IPO level and come close to a full retracement of the gains seen during the early period of Covid.

It was one of the best buys during a period when people were told to lockdown and, in some cases, not even go out to exercise. A Peloton exercise machine was seen as a ‘must have’ for that moment in time.

The company has explained that the enthusiastic take-up of its static bikes and treadmills has dissipated, and it is now re-grouping to find stable demand levels to which the business can work.

IGTV’s Jeremy Naylor looks at the share price chart and where it is in relation to the uptick seen in the early days of the pandemic and the subsequent slide.


Peloton insiders sold nearly $500 million in stock before its big drop

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Create New...