Why Peloton Stock Dropped in April

Why Peloton Stock Dropped in April

Shares of connected at-home exercise equipment maker Peloton Interactive (NASDAQ: PTON) had a rough April, continuing the downward trend that's been ongoing since the start of the year. April began on a positive note for Peloton. One is that it will add manufacturing capacity, which will help Peloton address the slow-delivery problem that has contributed to the stock's decline from the highs it reached in January.