Nasdaq Up, Peloton Down

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Nasdaq Stock

The Motley Fool

•

Down 98%, Here's Why You'll Regret Buying the Dip on This Nasdaq Stock

Summary

Nutrition label

69% Informative

Peloton Interactive (NASDAQ: PTON) is 98% below its record level from January 2021 .

At one point, the company's market cap approached $50 billion .

Peloton 's sales started to crater as gyms opened back up and consumers felt less inclined to fork over thousands of dollars for home workout equipment.

The current state of affairs couldn't be further from where Peloton was in early 2021 .

The Motley Fool has positions in and recommends Amazon , Lululemon Athletica , and Peloton Interactive . The Motley Fool has a disclosure policy. Down 98% , Here's Why You'll Regret Buying the Dip on This Nasdaq Stock was originally published by The Motley Fool .

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English

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