Peloton was a big winner during the earlier phases of the pandemic as stay-at-home orders and social distancing shut down most gyms. However, the stock has now given up the majority of its gains from 2020, and its latest earnings report showed that the company's sales growth has nearly ground to a halt. Revenue rose just 6% in its fiscal 2022 first quarter (which ended Sept. 30) as sales of its exercise equipment fell, indicating that interest in its connected fitness platform may have peaked. Management also slashed its guidance for the full year.