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Peloton: Buy the Dip?

TheMotleyFool

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After going public in Sept. 2019, Peloton Interactive (NASDAQ: PTON) has been an absolute darling on Wall Street. The stock skyrocketed over 400% from the initial public offering through the end of 2020, elevating it to large-cap status.

However, it's been a completely different story the past few months. The stock price has fallen 33% year to date as of this writing, and investors are certainly wondering what's happening with the company.

Is this just a temporary speed bump or something more permanent as the world starts to open back up and people venture out again? The answer will determine whether or not investors should take a bite out of this high-growth stock.

Source Fool.com

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