Peloton Interactive (NASDAQ: PTON) continues to struggle this year, facing challenges in growth and profitability post-pandemic. Despite hopes for a turnaround, the stock fell 20% in the first half of the year. The company appointed a new CEO, Peter Stern, and reported revenue fell 9% to $673.9 million in Q2. The stock dropped further in February and March, with revenue declining 13% to $624 million in Q3. Despite cost-cutting efforts, Peloton’s GAAP net loss improved to $47.7 million. The Senate’s move to block spending from HSAs on fitness activities also impacted the stock, falling 12% on June 17. Peloton aims to demonstrate steady growth to recover.

Read more at Nasdaq.: Why Peloton Stock Lost 20% in the First Half of the Year