Peloton Changes Course and Increases Prices
Peloton (NASDAQ: PTON) stock is in a world of hurt in recent months. The beloved stay-at-home stock is coming unraveled as economies are reopening and folks have more options on where and how they can exercise. Shares are down 70% in the last three months.
The interactive exercise equipment maker initially cut the price of one of its popular products by $400 and is now reversing course and increasing prices. Let's look at why that might be good news for investors.
Image source: Getty Images.
Source Fool.com
