PTON May 2024 3.500 call
| Previous Close | 0.9500 |
| Open | 0.9500 |
| Bid | 0.6600 |
| Ask | 0.7800 |
| Strike | 3.50 |
| Expire Date | 2024-05-10 |
| Day's Range | 0.6400 - 0.9500 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 3.75k |
- Yahoo Finance Video
How Hydrow is capitalizing on a growing fitness sector
Hydrow was once targeted by Peloton (PTON) for acquisition but is now paving its own path on its rowing machines. The company recently reported that delivered unit sales for its rowing machines jumped 23% year-over-year. The company also acquired a majority stake in Speede Fitness this week, though the value of the deal has not been disclosed. Hydrow Founder Bruce Smith joins Market Domination Overtime to discuss Hydrow's performance and give insight into the fitness sector at large. Smith elaborates on what fitness companies need to succeed in the home exercise market: "The north star is the combination of three things. You need something to work out on in your home. You need really great content. You need really great software. And honestly, Peloton had that vision. We've never let go of that vision. We are never going to. You need a footprint in the home because that convenience is what really drives market adoption. And from our perspective, we've stuck to that north star." For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Nicholas Jacobino
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