3 Reasons This Once Unstoppable Stock Has Plunged 97%

When the COVID-19 pandemic began in March 2020, Peloton Interactive (PTON 0.23%) stock was trading at around $25 per share. By the end of that year, it soared to over $150 as demand for the company's at-home exercise equipment exploded.Today, Peloton stock is down more than 97% from that peak, and it trades near its all-time low of about $4. Since society is now free from the pandemic-era restrictions that shut down gyms and limited outdoor activities, demand for Peloton's products has plunged.The company i ...