May 13, 2021
Business News

Why Peloton stock has plunged 25% in one month

Peloton’s stock (PTON) is looking a little less fit as investors dump 2020’s hot stay-at-home trades in favor of reopening trades such as airlines hotels with COVID-19 infections and deaths slowing down.

Shares of the at-home fitness equipment maker are down about 26% over the past month, according to Yahoo Finance Premium data. The S&P 500 is up slightly during that span, while the Nasdaq Composite is down 4.5%.

“The recent share price action could be seen as the broader market moving away from…

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