After skyrocketing nearly 400% in 2020, shares of the buzzy fitness company have tanked nearly 25% this year.
Shares of at-home fitness company Peloton fell Friday morning after the company revealed investigations into and lawsuits over its recalled treadmill model, blamed for dozens of injuries and the death of a child. „This is as close to a disaster as a company can get,” Adam Crisafulli, financial analyst and founder of VItal Knowledge Media, said in an email. Peloton’s financial outlook, especially for the quarter ending September, is “horrible,” he said.
