Why Peloton Stock Fell Today
Shares of Peloton (NASDAQ: PTON) have fallen today, down by 5% as of 1:45 p.m. EST, as investors continue to worry that progress on three different COVID-19 vaccine candidates threaten the home exercise company's growth prospects. Meanwhile, Peloton has been struggling to meet the surge in demand that the pandemic has created.
The medical community and pharmaceutical industry have been announcing encouraging progress on potential vaccines in recent weeks, sparking hopes that the end of the pandemic may be on the horizon. Companies and governments will still need to tackle the complex logistics of distributing millions of doses around the world.
The first vaccines are expected to be administered in December, and experts believe that it will take four-to-six months for vaccines to be widely available.
Source Fool.com
