Peloton Plummets After Miss-And-Lower Q2: Investors Feel The Burn

PTON stock is tanking. See the chart and price action here. Here is the breakdown of why investors are selling off Peloton stock:Double MissPeloton missed analyst estimates on both the top and bottom lines for the crucial holiday quarter:"So yes, revenue missed our expectations for the quarter … I think that’s a reflection on our old equipment … we simply overestimated the rate with which existing members would want to upgrade their existing equipment to new equipment," CEO Peter Stern said on the earnings ...