Everyone Is Talking About This Stock. Is It a Good Long-Term Option?
With everyone stuck at home due to shelter-in-place restrictions and social distancing practices during the depths of the coronavirus pandemic, Peloton (NASDAQ: PTON) absolutely thrived. Quarterly sales growth in excess of 100% was normal, and user engagement was steadily rising. Shares gained 434% in 2020.
Recently, however, the business is on investors' minds for all of the wrong reasons, including slowing demand, as evidenced by the company's latest earnings release. The stock is down an incredible 72% this year.
Source Fool.com
