Peloton shares plunge more than 20% after dismal forecast
Peloton Interactive lowered its full-year revenue forecast amid a two-year restructuring effort, sending the exercise equipment maker’s stock to an all-time low on Thursday. The stock price fell 24% to a low of $4.17, and closed at $4.21 on Thursday. The company now expects full-year 2024 sales to be between $2.68 billion and $2.75 billion, […]