10 Companies Reflect Market Decline

7. Peloton Interactive Inc. (NASDAQ:PTON)

Shares of Peloton Interactive (PTON) decreased by 5.35 percent on Thursday to $8.49 apiece as investor sentiment was weighed down by the lack of catalysts to spark buying appetite.

Investors also appeared to be on the sidelines waiting for fresh updates from the company after the installation of Peter Stern as its new chief executive officer effective last January 1, replacing Barry McCarthy who stepped down from his position in May last year.

According to Jay Hoag, chairperson of the Peloton Board: “Peter is a seasoned strategist with a track record of driving sustainable growth through innovation, and we have every confidence in his ability to lead Peloton during this important time. He brings meaningful expertise in scaling differentiated technology-oriented platforms and has a deep understanding of the health and wellness sector – making him uniquely suited to serve as Peloton’s next CEO.”