PTON May 2024 3.000 call
| Previous close | 0.7700 |
| Open | 1.1400 |
| Bid | 0.7900 |
| Ask | 1.2800 |
| Strike | 3.00 |
| Expiry date | 2024-05-31 |
| Day's range | 1.0000 - 1.2500 |
| Contract range | N/A |
| Volume | |
| Open interest | 407 |
- Yahoo Finance Video
Peloton reportedly facing private equity buyout
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
StockStoryWhy Peloton (PTON) Stock Is Trading Up Today
Shares of exercise equipment company Peloton (NASDAQ:PTON) jumped 20.9% in the afternoon session after reports that private equity firms are considering a buyout of the company. According to sources, there are discussions about cutting Peloton's operating expenses to make a potential acquisition more attractive. On May 2, 2024, Peloton announced cost optimization initiatives to reduce annual run-rate expenses by more than $200m by the end of FY'25. The plan includes reducing its global headcount
Barrons.comPeloton Stock Jumps on Report of a Potential Buyout
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.
