Peloton Interactive (NASDAQ: PTON) thrived during the depths of the coronavirus pandemic as consumers searched for convenient exercise options while being stuck at home. The stock skyrocketed 434% in 2020 on booming customer demand and investor enthusiasm. 

But things have taken a turn for the worse. Easing pandemic-related restrictions and normalizing consumer behavior have seriously hurt this consumer discretionary stock, which is down 95% from its all-time high. The revamped leadership team is trying hard to improve the situation. At this point, however, I'm not so convinced they'll succeed.

Let's take a look at three reasons why I made the decision to close my entire Peloton position.

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Source Fool.com