Why Peloton Interactive Is Falling Today

Why Peloton Interactive Is Falling Today

Shares of Peloton Interactive (NASDAQ: PTON) were falling 7% in midday trading Friday, as the broader market dropped 2% in the second consecutive day of decline. Peloton cycled 12% higher in August as Wall Street reconsidered whether it was underestimating the high-end connected fitness leader's growth potential. The coronavirus pandemic spurred a major growth trend in at-home fitness, and Peloton was one of the major beneficiaries.