Previous close | 0.0700 |
Open | 0.0700 |
Bid | 0.0200 |
Ask | 0.0300 |
Strike | 6.00 |
Expiry date | 2024-06-21 |
Day's range | 0.0200 - 0.0700 |
Contract range | N/A |
Volume | |
Open interest | 5.19k |
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.
It's a busy day on Wall Street with investors bracing for earnings from numerous top names, including Apple (AAPL), Coinbase (COIN), Block (SQ), DraftKings (DKNG), Peloton (PTON), Novo Nordisk (NVO), and Moderna (MRNA). Apple is in focus, with investors bracing for key sales numbers out of China. Traders are still digesting the Federal Reserve's decision to leave interest rates unchanged at a 23-year high of 5.25%-5.50%. During his press conference yesterday, Chair Jerome Powell hinted that the central bank's next move will unlikely be a rate hike. Yahoo Finance trending tickers include Carvana (CVNA), NIO (NIO), and Qualcomm (QCOM). Key guests include:9 a.m. ET - Gabriela Santos, J.P. Morgan Asset Management Chief Global Strategist for the Americas9:15 a.m. ET - Lars Fruergaard Jørgensen, Novo Nordisk CEO10 a.m. ET - Deepak Puri, Deutsche Bank CIO Americas10:15 a.m. ET - Akash Palkhiwala, Qualcomm CFO10:30 a.m. ET - John Rogers, Ariel Investments Co-CEO10:40 a.m. ET - Stéphane Bancel, Moderna CEO10:50 a.m. ET - Stephen Yalof, Tanger CEO11:15 a.m. ET - Michael Skipworth, Wingstop CEO
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.