Peloton Shares Slide After It Recalls Two Million Exercise Bikes
Briefly

Peloton, the maker of home exercise equipment, said on Thursday that it was recalling more than two million exercise bikes, an announcement that sent its stock lower.The company's shares tumbled more than 8 percent in midday trading and have plunged nearly 40 percent in the last month.The company had received 35 reports of seat posts breaking and detaching from the original model of its bike during use, according to a recall notice from the Consumer Product Safety Commission.
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