Why Peloton Interactive Is Falling Once Again Today
Shares of Peloton Interactive (NASDAQ: PTON) are falling once again Wednesday morning after The Wall Street Journal reported that before he resigned, company founder and former executive chairman John Foley faced repeated margin calls on money he'd borrowed against Peloton stock.
The stock is down 7.1% at 11:04 a.m. ET at a time when the Dow Jones Industrial Average is up 142 points, or 1.4%, and the S&P 500 is essentially unchanged.
Image source: Peloton Interactive.
Source Fool.com
