Peloton stock has been witnessing a dip as people worldwide have started moving out of their homes and going to gyms for maintaining their fitness regimes. After seeing a rise of 318% in one year, the exercise equipment company%u2019s stock is down 13% to 83 dollars per share as of 12:40 PM. The shares are taking such a hit after the US Consumer Product Safety Commission issued a warning about the Peloton Treadmills. The agency has received over 72 reports of children, pets or objects “being pulled under the rear of the treadmill, including 29 reports of injuries to children such as second-and third-degree abrasions, broken bones, and lacerations.”
The company had released a statement on Wednesday asking the consumers who purchased their treadmills to return them for a full refund.
