The training equipment and media company has been volatile for a while. Today Peloton stocks dropped from $9.15 to $8.21 in just two trading days.
The sell-off continues as the co-founder and ex-CEO of the company John Foley has had to deal with multiple margin calls on the funds borrowed with the stock as collateral, according to a Wall Street Journal report.
Foley may be in a dire situation as Peloton Interactive, Inc. shares fell over 96% from the peak of $170 per share in January 2021. The new management is trying to reverse the trend. Is it time to buy Peleton low?