Peloton stock backpedals to a new low as shorts win

Peloton stock backpedals to a new low as shorts win

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A month ago, Peloton Interactive, Inc. NASDAQ: PTON rode news of a Tik Tok deal to a four-month high of $7.42. We wondered if the former pandemic high flier turned meme stock could keep up the pace. That answer appears to be a resounding no. On Friday, shares of the techy fitness company fell to…

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