Peloton Stock Plunges After Company Temporarily Halts Production Of Bike, Treadmill Products
Peloton misjudged how many people would buy its products and is sitting on more inventory than it needs, according to internal documents obtained by CNBC. The company’s stock plunged to a 52-week low following the report. Peloton did not respond to a request for comment from NBC News. » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC
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Peloton Stock Plunges After Company Temporarily Halts Production Of bike, treadmill Products
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