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Peloton reportedly facing private equity buyout

Seana Smith and Madison Mills

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