216 days ago • Posted by Charles-Henry Monchau
Peloton tumbles 25% as stay-at-home stocks take a hit on Pfizer vaccine news
Positive developments in the race to a COVID-19 vaccine sent shares of stay-at-home stocks like Peloton plummeting on Monday. Peloton plummeted as much as 25% at intraday lows. The at-home fitness company saw a spike in sales due to the COVID-19 pandemic as consumers searched for exercise alternatives amid the stay-at-home orders - source: Markets Insiders.