Is Peloton Stock Ready to Make a Comeback?
Peloton Interactive (NASDAQ: PTON), the company that sells at-home workout equipment and online workout subscriptions, has seen the same fate, with its stock down a whopping 40% year to date as of this writing. This is due to a rise in subscription churn and an equipment recall this spring. If you're an investor in Peloton, there's no doubt you're hoping the rest of 2021 and future years are a lot better for this stock.