Some big investors loaded up on Peloton as stock tumbled

FILE PHOTO: A Peloton exercise bike is seen after the ringing of the opening bell for the company's IPO at the Nasdaq Market site in New York City, New York, U.S., September 26, 2019. REUTERS/Shannon Stapleton

BOSTON (Reuters) -Peloton Interactive Inc's stock price tumbled more than 50% in the last three months of 2021 but several prominent investment firms were so sure the at-home fitness company could regain its footing that they bought new or added to existing positions.

Durable Capital Partners, run by former T. Rowe Price investment executive Henry Ellenbogen, bought 5.4 million shares of the company known for its stationary bikes, treadmills and on demand classes, according to regulatory filings made on Monday.