Shares of Peloton Interactive Inc (PTON) are trading -7% lower at a price of $8.86 at the time of this writing.

Peloton Interactive Inc has been trading between a 52-week high of $123.94 and a 52-week low of $8.22. The stock has a market cap of $267 Million.

Peloton is the leading interactive fitness platform in the world with a loyal community of more than 3.6 million Members. The company pioneered connected, technology-enabled fitness, and the streaming of immersive, instructor-led boutique classes for its Members anytime, anywhere. Peloton makes fitness entertaining, approachable, effective, and convenient, while fostering social connections that encourage its Members to be the best versions of themselves.

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As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

Gewoongary - 13 upvotes - source
\*SHOPIFY CONFIRMS 10% REDUCTION IN STAFF TO LEAVE BY END OF DAY HOLY fuk that’s even worse than what PTON did after the zoom meeting 

likelamike - 2 upvotes - source
I've seen $PTON do 25% in a day so yeah it is possible for any ticker. But they are few and far between when they happen.