Up 44% in 2023, Is the Worst Over for Peloton Stock?
Peloton (NASDAQ: PTON) was an investor favorite during the COVID-19 stock market bubble. Now, with the pandemic in the rearview mirror, an abrupt exit from founder/CEO John Foley, and the air coming out of the bubble stocks, Peloton shares have nosedived. The stock is down 60% over the past year and significantly more from its peak in early 2021 as the company started to hemorrhage money and lose demand for its at-home fitness products.