Why Peloton Stock Flopped on Friday

Shares of popular next-generation exercise machine company Peloton Interactive (NASDAQ: PTON) ended the week on a down note. The stock fell by nearly 4% on Friday, after it was dropped from a high-profile equity index.

After market hours on Thursday, Nasdaq (NASDAQ: NDAQ) announced that Peloton stock would no longer be on its Nasdaq-100 Index. It is being replaced by that of logistics company Old Dominion Freight Line, effective prior to market open on Jan. 24.

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Source Fool.com