increasing competition. reporter: this following a report citing sec filings that company executives and insiders sold some of nearly half a billion in stock in a pre-scheduled selling program before the share price fell 80% from last year s high. and the company has had to ride out public image problems, including a safety recall of its treadmill. during the pandemic, peloton saw huge demand for its products and subscriptions, announcing it would put $400 million into a new factory in the u.s. tonight peloton did not respond for a request for comment from nbc news. okay, peloton let s go reporter: meanwhile, owners of expensive equipment that requires a monthly fee and constant connection are left in limbo. in just 60 seconds, our series finding the missing in what could be a remarkable break in a cold case. our exclusive look now to our nbc news exclusive
ccc experienced at the height of the omicron surge. challenges that consumers say left them without the results needed to protect themselves anne thompson, nbc news there is trouble tonight at peloton the company has stopped production of its bikes and treadmills for now after a pandemic boom. peloton said it misjudged demand for its exercise equipment. our jake ward has more. reporter: tonight peloton s stock plunging to a 52-week low after reports that the company will stop making its bike and treadmill products according to an internal document obtained by cnbc, the company misjudged how many people would buy its products and it s sitting on more inventory than it needs. at the same time, americans are returning to gyms and seeing similar products into the market. in a confidential presentation, the company said demand for its equipment has taken a significant drop due to price sensitivity and
elizabeth wagmeister. he played the character of mr. big, was this very showy ladies man. so it appears to be an instance of life almost imitating art but in the worst way possible. reporter: noth has starred on law and order and has a role on the cbs show the equalizer. to new beginnings. reporter: tonight peloton who used him in a commercial as mr. big pulled the ad. cbs says it is not responding to any inquiries. as for the los angeles police department, it says that it will look into the nature of the report. norah. o donnell: jericka duncan, thank you. toy, the biden administration detailed its plan to try to replace every underground lead drinking water pipe in the country in the next ten years. about half to have the children in the u.s. have detectable levels of lead in their blood. cbs news has been covering the lead crisis in drinking water for years. cbs s ben tracy has more. reporter: in benton harbor,