Down 94%, Can This Beaten-Down Stock Make a Comeback?
Pop quiz! What company has a brand that nearly everyone knows, but whose stock has lost virtually all of its value in just one year? You would be correct if you guessed fitness equipment specialist Peloton Interactive (NASDAQ: PTON).
Now, everyone loves a good comeback story, which could certainly happen for Peloton. However, there are reasons why it may be better to wait things out for now.
A company's stock typically doesn't fall more than 90% without serious problems, and big issues often bring significant changes. Peloton rose to glory during the pandemic, when lockdowns closed gyms and stimulus checks gave consumers plenty of money to try out its Bike product.
Source Fool.com
