Why Peloton Interactive, Inc. (PTON) Crashed On Monday

We recently published a list of These 10 Stocks Already Sank in June. In this article, we are going to take a look at where Peloton Interactive, Inc. (NASDAQ:PTON) stands against other worst performers on Monday.

Peloton extended its losing streak to a fourth consecutive day on Monday, dropping 7.04 percent to finish at $6.6 apiece amid the lack of fresh catalyst to spark buying appetite, while investors continued to digest an investment firm’s lower rating for the company.

Last week, Citi lowered its price target for Peloton Interactive, Inc. (NASDAQ:PTON) to $8.5 from $10 previously, while maintaining a “neutral” stand on its stock.

The adjustment followed Peloton Interactive, Inc.’s (NASDAQ:PTON) mixed third-quarter results for fiscal year 2025.

During the period, the company narrowed its net loss by 71.5 percent to $47.7 million from $167.3 million in the same period last year.

Revenues, on the other hand, dropped by 13 percent to $624 million from $717.7 million year-on-year.

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Disclosure: None. This article is originally published at Insider Monkey.