PTON Jan 2025 8.000 call
| Previous Close | 0.4000 |
| Open | 0.5200 |
| Bid | 0.2700 |
| Ask | 0.3500 |
| Strike | 8.00 |
| Expire Date | 2025-01-17 |
| Day's Range | 0.2700 - 0.5200 |
| Contract Range | N/A |
| Volume | |
| Open Interest | 8.22k |
- 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
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