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If You Own Peloton Stock, It's Time to Sell

·4 min read
If You Own Peloton Stock, It's Time to Sell
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Peloton (NASDAQ: PTON) has taken investors on a wild ride since its IPO in September of 2019. The stock was priced at $29, but initially slumped below its offering price as investors questioned the appeal of Peloton's expensive exercise bikes and streaming spin class subscriptions. Interest in Peloton remained tepid until about a year ago, when gyms and other businesses started closing down to deal with the pandemic.