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PTON May 2024 8.000 put
| Previous close | 4.3500 |
| Open | 4.3500 |
| Bid | 4.3500 |
| Ask | 4.9500 |
| Strike | 8.00 |
| Expiry date | 2024-05-17 |
| Day's range | 4.3500 - 4.3500 |
| Contract range | N/A |
| Volume | |
| Open interest | N/A |
- Yahoo Finance Video
Peloton's decline from pandemic highs: A detailed timeline
Peloton (PTON) appears to be in turmoil as CEO Barry McCarthy steps down from his position at the fitness equipment manufacturer. The company's stock is now spinning out Thursday morning after missing third-quarter earnings estimates amid a restructuring plan that will lay off 400 employees from Peloton's global workforce. Wealth! Host Brad Smith examines the timeline of events that led to Peloton's decline from a "pandemic darling." For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Luke Carberry Mogan.
Barrons.comPeloton Cycles Through Another Turnaround Strategy. What’s Next for the Company?
As the repayment date for Peloton Interactive’s roughly $1.7 billion in debt comes closer, the embattled at-home fitness company is trying a classic play, hiring a different CEO and cutting about 15% of its staff. The move is Peloton’s latest attempt to strike the right balance for its business, which has struggled since the pandemic-era surge in demand for at-home exercise equipment faded. Consumers went back to in-person workout classes and gyms, and had less need to shell out hundreds of dollars for Peloton’s bikes and treadmills.
- Reuters
US STOCKS-Wall Street ends higher as Fed signals dovish bias; jobs report eyed
U.S. stocks rallied on Thursday as investors weighed the Federal Reserve's more dovish-than-expected interest rate guidance on Wednesday against a plethora of mixed earnings and economic data. All three indexes ended in positive territory, with the tech-heavy Nasdaq enjoying a healthy boost from chip stocks after Qualcomm reported quarterly sales and profit above analyst expectations. Markets continued to parse Fed Chair Jerome Powell's assurances on Wednesday that the central bank's next policy move will be to lower its key policy rate, after it left rates unchanged at the end of its monthly meeting.
