Peloton Stock Is Down 95%: 1 Reason It Could Keep Crashing, and 1 Reason It Might Bounce Back

Peloton Interactive (NASDAQ: PTON) went public in 2019 with a stock price of $29. By December 2020, it had more than quintupled to a record high of $163, as pandemic-related lockdowns and social restrictions triggered surging demand for the company's at-home exercise equipment.But Peloton's sales have plummeted since social conditions returned to normal. The company even faced the prospect of bankruptcy a few years ago as its net losses ballooned to unsustainable levels. As a result, its stock price has plunged by 95% from its record high, and attempted recoveries have been very short-lived.Peloton's management team continues to make changes to turn the company around, and some of them are bearing fruit. With that in mind, here's one reason Peloton stock might keep declining, and one reason it could bounce back.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool