Why Peloton Shares Are Falling Today

Peloton Interactive Inc PTON shares are trading lower after it was announced the stock will be replaced in the Nasdaq-100. Nasdaq said shipping operator Old Dominion Freight Line Inc ODFL will replace Peloton for the start of trading on January 24. Peloton is trading lower by 72.6% over the past six months and lower by 11.7% on a year-to-date basis.

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Peloton Interactive operates an interactive fitness platform. It operates its business in two reportable segments: Connected Fitness Products and Subscription.

Peloton has a 52-week high of $171.09 and a 52-week low of $30.35.