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PTON May 2024 6.000 call
| Previous close | 0.0400 |
| Open | 0.0400 |
| Bid | 0.0000 |
| Ask | 0.2100 |
| Strike | 6.00 |
| Expiry date | 2024-05-24 |
| Day's range | 0.0400 - 0.0400 |
| Contract range | N/A |
| Volume | |
| Open interest | 26 |
- Yahoo Finance Video
Peloton setback: CEO resigns, Q3 earnings miss
Peloton Interactive Inc. (PTON) delivered a disappointing third quarter earnings report on Thursday, missing Wall Street's estimates on the top and bottom lines. The fitness equipment company reported revenue of $717.7 million, falling short of analyst estimates of $719.2 million. Additionally, Peloton's adjusted earnings per share (EPS) loss of $0.45 per share was wider than the Street's expected loss of $0.35 per share. This comes as the company undergoes a leadership shake-up, with CEO Barry McCarthy announcing his resignation. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
Barrons.comPeloton CEO McCarthy Is Stepping Down. The Stock Has Plummeted Since He Became Chief.
Peloton Interactive stock was falling Thursday after the at-home fitness company announced its CEO was stepping down and that it would be cutting jobs under a new cost-saving initiative. The stock had traded sharply higher in premarket trading after it was announced that Peloton Chief Executive Officer Barry McCarthy, who took the position in 2022, was stepping down. Current Peloton Chairperson Karen Boone and board director Chris Bruzzo will serve as interim co-CEOs until the company completes its search for McCarthy’s replacement.
- Reuters
US STOCKS-Wall St set to open higher as Fed allays rate-hike concerns
U.S. stocks were poised for a higher open on Thursday, a day after the Federal Reserve left interest rates unchanged and allayed worries around potential rate hikes, with focus moving to a spate of earnings reports through the day. While Fed Chair Jerome Powell indicated that stubbornly high inflation would see a long-expected U.S. rate cut pushed back, he refused to entertain talk that rates might actually need to go up again. On Wednesday, U.S. stocks initially rose, but the S&P 500 and the Nasdaq closed lower for the day after the Fed decision.
