Peloton stock backpedals to a new low as shorts win

Key PointsLast week, Peloton shares fell to an all-time low of $4.10 following a fiscal 2024 second quarter earnings report that the market found far from exhilarating.A pressing need to spend on new product development and marketing will make spinning a profit difficult for Peloton in the years ahead.Despite the troubles, takeover speculation and technical oversold conditions may be two big reasons to take a chance on PTON shares. 5 stocks we like better than Peloton InteractiveA month ago, Peloton Interac ...