Why The Beachbody Company Stock Plunged 50% in November

·3-min read
Why The Beachbody Company Stock Plunged 50% in November

Shares of The Beachbody Company (NYSE: BODY) plummeted 50.6% in November, according to data from S&P Global Market Intelligence. The primary catalyst for the subscription fitness and wellness company stock's drop was its release of a weak third-quarter report, which included a significant reduction in full-year guidance. Since Beachbody went public on June 28 via a special acquisition purpose company (SPAC), its shares have plunged 80%, as of Dec. 6.

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