Peloton tumbles over 6% after short seller warns of competition

FILE PHOTO: A Peloton logo is seen after the ringing of the opening bell for the company's IPO at the Nasdaq Market site in New York, September 26, 2019. REUTERS/Shannon Stapleton

SAN FRANCISCO (Reuters) – Shares of Peloton Interactive (PTON.O) tumbled over 6% on Tuesday after noted short seller Andrew Left valued the seller of stationary exercise bicycles at about one seventh of its recent stock price. Left’s Citron Research warned that the Peloton’s bikes, priced at over $2,200, and its streaming exercise video service face […]

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