Previous close | 0.1400 |
Open | 0.1000 |
Bid | 0.0800 |
Ask | 0.1000 |
Strike | 2.00 |
Expiry date | 2024-09-20 |
Day's range | 0.0800 - 0.1200 |
Contract range | N/A |
Volume | |
Open interest | 3.29k |
Peloton (PTON) shares are trading higher following a new report detailing multiple private equity firms in competition to buy out the home fitness company. The company reported earnings last week, detailing uncertain revenue prospects, low subscriber growth, and weakening demand. The stock is down over 31% year-to-date. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Melanie Riehl
Peloton Interactive Inc. (NASDAQ:PTON) shares are trading higher following a report suggesting that private equity firms are considering a potential buyout of the company. The update comes amid Peloton’s business turnaround plans after 13 straight quarters of losses, CNBC reports. The company had discussed plans to go private with at least one firm as multiple private equity firms flocked around to pitch an attractive deal by exploring ways to slash its operating expenses. Last week, the connect
Peloton Interactive stock was surging Tuesday after CNBC reported that private-equity firms were looking to buy out the at-home fitness company. According to the report, several private-equity firms have been considering a buyout of Peloton as the company works to refinance its debt and cut costs. Peloton told Barron’s that it doesn’t comment on speculation or rumors.