Peloton Interactive ended 2021 deeply in the red, and it hasn’t fared much better in 2022. The company’s market capitalization has fallen so far t

Peloton Stock to Drop Out of Nasdaq 100

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2022-01-15 03:00:05

Peloton Interactive ended 2021 deeply in the red, and it hasn’t fared much better in 2022. The company’s market capitalization has fallen so far that it’s leaving the Nasdaq 100 index.

Nasdaq said Thursday evening that Peloton stock (ticker: PTON) will be replaced by trucking company Old Dominion Freight Line (ODFL) in the Nasdaq 100 index on Jan. 24. The Nasdaq 100 is made up of the largest non-financial firms listed on the Nasdaq exchange.

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