Shares of (NASDAQ: PTON) have dropped like a rock since their pandemic peak, and the company has shifted strategies. This is no longer a hardware-first company; Peloton wants to be the fitness anywhere company.

In this video, Travis Hoium shows how the transition is going and why patience is the key for investors in this fitness stock.

*Stock prices used were end-of-day prices of Feb. 20, 2024. The video was published on Feb. 21, 2024.

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Source Fool.com