Peloton Stock Plunges After Company Temporarily Halts Production Of Bike, Treadmill Products

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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 » Watch more NBC video: http://bit.ly/MoreNBCNews NBC News Digital is a collection of innovative and powerful news brands that deliver compelling, diverse and engaging news stories. NBC News Digital features NBCNews.com, MSNBC.com, TODAY.com, Nightly News, Meet the Press, Dateline, and the existing apps and digital extensions of these respective properties. We deliver the best in breaking news, live video coverage, original journalism and segments from your favorite NBC News Shows. Connect with NBC News Online! NBC News App: https://smart.link/5d0cd9df61b80 Breaking News Alerts: https://link.nbcnews.com/join/5cj/breaking-news-signup?cid=sm_npd_nn_yt_bn-clip_190621 Visit NBCNews.Com: http://nbcnews.to/ReadNBC Find NBC News on Facebook: http://nbcnews.to/LikeNBC Follow NBC News on Twitter: http://nbcnews.to/FollowNBC #Peleton #Stocks #Money Peloton Stock Plunges After Company Temporarily Halts Production Of Bike, Treadmill Products

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