(CNBC) Shares of Peloton closed down 23.9% at $24.22 on Thursday, wiping roughly $2.5 billion off of its market value. The sharp drop brought the stock beneath the $29 mark where it first priced at in September of 2019, and marked another notable milestone in the company’s turbulent ride in recent months.
$2.5 billion wiped from Peloton’s market value as shares tumble below IPO price
This entry was posted in Syndicated. Bookmark the permalink.
