Why Peloton Stock Crashed Today
The exercise equipment company's all-important holiday quarter was a bust.Shares of Peloton Interactive (PTON 27.24%) plunged on Thursday after the exercise bike and treadmill maker's quarterly results fell short of investors' expectations.By the close of trading, Peloton's stock price was down more than 25%. Sluggish salesPeloton's revenue fell by $17 million to $657 million in its fiscal 2026 second quarter, which ended on Dec. 31. That was $8 million below management's forecast.Membership price increases ...