Why Peloton Stock Fell Today

Why Peloton Stock Fell Today

Shares of Peloton (NASDAQ: PTON) have fallen today, down by 5% as of 1:45 p.m. EST, as investors continue to worry that progress on three different COVID-19 vaccine candidates threaten the home exercise company's growth prospects. Meanwhile, Peloton has been struggling to meet the surge in demand that the pandemic has created. Peloton has been an inadvertent beneficiary of the public health crisis, which forced many retail gyms to close.