Why Peloton Interactive Stock Was Sliding Today
Shares of Peloton Interactive (NASDAQ: PTON) were falling back today in an apparent response to negative publicity over its recent holiday ad. Shares of the maker of the expensive interactive exercise bike had risen steadily through November in anticipation of a strong holiday season, but investor sentiment seemed to reverse today in a possible sign that the stock had been overbought.
The stock was down 9.3% as of 2:14 p.m. EST.
Image source: Peloton.
Source Fool.com
