‘s treadmill recalls hammered the company’s stock price, sending shares to their lowest levels since September. Not every analyst sees it as a buying opportunity.
Peloton stock (ticker: PTON) sank nearly 15% to $82.62 on Wednesday. That’s the stock’s lowest close since Sept. 16. Peloton shares are down more than 50% from their closing high of $167.42 on Jan. 13. It was the worst performer in the Nasdaq 100, according to Dow Jones Market Data.
The company announced voluntary recalls for its Tread and Tread+. The U.S. Consumer Product Safety Commission