Here's Why I Wouldn't Touch Peloton Stock With a 10-Foot Pole Right Now

When Peloton (NASDAQ: PTON) had its initial public offering (IPO) in September 2019, it had no idea just how good the timing would prove around six months later. When the COVID-19 pandemic forced a global shutdown, Peloton was in the right place at the right time to capitalize on fitness enthusiasts who could no longer go to a physical gym.From its IPO through December 2020, Peloton's stock price rose by more than 540%, making it one of the hottest stocks on the market. Unfortunately, its stock is now down close to 95% from those highs. And, even more unfortunate for me, my (regretful) stake in Peloton is down more than 90% as I write this article.There has been some semi-encouraging news coming from Peloton recently, but I can honestly say that it's a stock I wouldn't touch with a 10-foot pole, regardless of what positives it seems to be showing right now.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool