PTON Jun 2024 10.000 put
| Previous Close | 6.40 |
| Open | 6.30 |
| Bid | 7.00 |
| Ask | 7.10 |
| Strike | 10.00 |
| Expire Date | 2024-06-21 |
| Day's Range | 6.30 - 6.40 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 3 |
- Yahoo Finance Video
Peloton's decline from pandemic highs: A detailed timeline
Peloton (PTON) appears to be in turmoil as CEO Barry McCarthy steps down from his position at the fitness equipment manufacturer. The company's stock is now spinning out Thursday morning after missing third-quarter earnings estimates amid a restructuring plan that will lay off 400 employees from Peloton's global workforce. Wealth! Host Brad Smith examines the timeline of events that led to Peloton's decline from a "pandemic darling." For more expert insight and the latest market action, click here to watch this full episode of Wealth! This post was written by Luke Carberry Mogan.
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StockStoryWhy Peloton (PTON) Stock Is Trading Lower Today
Shares of exercise equipment company Peloton (NASDAQ:PTON) fell 14.5% in the morning session after the company reported first-quarter results. The big news here isn't related to the quarter's financials. Peloton announced that CEO Barry McCarthy (formerly of Netflix and Spotify) will be stepping down just over two years after he took over from founder John Foley. The company also announced a restructuring program to cut costs, and this will include laying off 15% of its workforce or roughly 400
