Previous close | 1.2900 |
Open | 0.9500 |
Bid | 0.8400 |
Ask | 0.8800 |
Strike | 3.00 |
Expiry date | 2024-09-20 |
Day's range | 0.8500 - 0.9700 |
Contract range | N/A |
Volume | |
Open interest | 792 |
Shares of Peloton (PTON) are sliding after the company announced it is starting the sale of a $1 billion loan offering. Catalysts Hosts Seana Smith and Madison Mills break down the home fitness company's refinancing effort as it attempts to recover from a recent sales slump. 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
Palo Alto Networks issues a fiscal fourth-quarter forecast that underwhelms investors, Chinese electric-vehicle maker XPeng posts a narrower loss, and Peloton tumbles after a refinancing of its debt.
Peloton plans on using the proceeds from the offering of the notes and the new credit facilities to repurchase about $800 million of its convertible senior notes due 2026.