Topline Shares of Peloton, which have largely struggled so far in 2021, took another hit on Tuesday after a major outage which affected the at-home fitness company’s bikes and treadmills, meaning that...
Tag: Treadmills
Peloton stock is crashing on reports it’s halting production of bikes and treadmills
The bad news flywheel continues to be spinning in warp speed at Peloton (PTON). Shares of Peloton crashed 22% to $26 on Thursday after a CNBC report that the struggling fitness company would temporar...
Peloton to pause production of its Bikes, treadmills as demand wanes
Peloton is temporarily halting production of its connected fitness products as consumer demand wanes and the company looks to control costs, according to internal documents obtained by CNBC. Peloton p...
Peloton’s stock skids, following report it will pause production of bikes, treadmills
Shares of Peloton Interactive PTON, -17.24% were sinking Thursday afternoon, trading below where it first listed, after a report said the exercise-equipment maker was temporarily pausing production of...