Peloton Interactive disclosed Justice Department and Department of Homeland Security subpoenas related to how it reported injuries from its treadmills. The stock is dropping, but some analysts remain upbeat.
Shares of the exercise-equipment company (ticker: PTON) closed down 8.6% to $1004.34 in Friday trading, while the S&P 500 index was up 0.9%. The latest loss extended Peloton stock’s year-to-date skid to 31%, though shares were still 37% higher than they were 12 months ago.
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