Peloton stock
5 after the company said that connected fitness subscribers of 249 million was roughly in. PTON stock is having a miserable start to 2022.
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I did expect US markets to crash this year.
. Peloton shares got pummeled Thursday on reports it is pausing bike production leading the company to issue an evening statement denying the claims. In the companys first quarter of fiscal 2022 Pelotons most recently reported. The Nasdaq 100 is down 115 and the SP 500 is down 8 so far.
Its not much better over one year either as its down by a huge 83. The main reason for Peloton stocks decline this year has been a dramatic deceleration in the companys growth. Earlier Pelotons stock crashed more than 30 on Nov.
Shares fell 239 to 2422 a two-year low in. Already the share price has crashed 24.
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