PTON Jun 2024 5.000 put
| Previous close | 1.8400 |
| Open | 1.9500 |
| Bid | 0.0000 |
| Ask | 0.0000 |
| Strike | 5.00 |
| Expiry date | 2024-06-21 |
| Day's range | 1.8400 - 1.9500 |
| Contract range | N/A |
| Volume | |
| Open interest | 6.94k |
- Reuters
UPDATE 2-Peloton CEO McCarthy steps down, fitness equipment maker to cut 15% jobs
Peloton CEO Barry McCarthy has stepped down, the company said on Thursday as it decided to cut 15% of its workforce to tackle a post-pandemic slump in demand for its connected fitness equipment. Shares of the beleaguered New York-based company rose 8% before the bell as it also plans to cut back its retail presence owing to weak demand that has forced Peloton to push back its goal of returning to positive cash flow. Peloton chairperson Karen Boone and director Chris Bruzzo will serve as interim co-CEOs.
ReutersPeloton CEO McCarthy steps down, fitness equipment maker to cut 15% jobs
Shares of the beleaguered New York-based company rose 8% before the bell as it also plans to cut back its retail presence owing to weak demand that has forced Peloton to push back its goal of returning to positive cash flow. Peloton chairperson Karen Boone and director Chris Bruzzo will serve as interim co-CEOs. In addition, the company named director Jay Hoag as the chairperson of the board.
PR NewswirePELOTON ANNOUNCES COST REDUCTION EFFORTS TO POSITION COMPANY TO SUSTAIN MEANINGFUL, POSITIVE FREE CASH FLOW
Peloton Interactive, Inc. (NASDAQ: PTON) today announced comprehensive restructuring efforts to align the company's cost structure with the current size of its business. This restructuring will position Peloton for sustained, positive free cash flow, while enabling the company to continue to invest in software, hardware and content innovation, improvements to its member support experience, and optimizations to marketing efforts to scale the business. Upon full implementation, the company expects
