Peloton Craters, Shares Halted After Reporting Production Halt

Peloton Craters, Shares Halted After Reporting Production Halt

Peloton Interactive, Inc. shares crashed more than 11% after CNBC reported internal documents from the company that said production of its bikes and treadmills would be temporarily halted due to souring demand. Shares are now halted. 

Shares briefly reopened and crashed even further, down nearly 17%. 

*This story is developing… 

Tyler Durden
Thu, 01/20/2022 – 12:56

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Author: Tyler Durden

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