Peloton stock plunges after company temporarily halts production of bike, treadmill products
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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.Jan. 21, 2022
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