Nasdaq said Thursday evening that Peloton’s stock (PTON) would be replaced by trucking company Old Dominion Freight Line (ODFL) in the Nasdaq 100 Index on January 24.
The Nasdaq 100 Index is made up of the largest non-financial firms listed on the Nasdaq exchange.
The change comes after Peloton lost nearly three-quarters of its value last year.
Pelton’s shares closed Friday at $31.33. The stock’s 52-week range runs from $30.35 to $166.57.
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