Why Peloton Stock Tanked on Thursday
One stock that has struggled mightily to reach the highs it touched in the thick of the coronavirus pandemic is Peloton Interactive (NASDAQ: PTON). The latest headwind buffeting the company was a bearish note from an analyst on Thursday, which helped drive the beleaguered company's share price down by more than 7% on the day.
The analyst donning the bear suit was Evercore ISI's Shweta Khajuria, who feels that the current data points for Peloton are "largely negative."
Image source: Peloton Interactive.
Source Fool.com
