PTON Jul 2024 4.000 call
| Previous close | 0.3600 |
| Open | 0.3200 |
| Bid | 0.0000 |
| Ask | 0.0000 |
| Strike | 4.00 |
| Expiry date | 2024-07-19 |
| Day's range | 0.3000 - 0.4300 |
| Contract range | N/A |
| Volume | |
| Open interest | 2.25k |
Barrons.comPeloton CEO Is Stepping Down and It’s Cutting Jobs. The Stock Jumps.
Peloton Interactive stock was rising Thursday after the at-home fitness company announced its CEO was stepping down and that it would be cutting jobs under a new cost-saving initiative. Peloton Chief Executive Officer Barry McCarthy, who took the position in 2022, is stepping down, the company said in a news release. Peloton also announced new cost-cutting initiatives in order to “align the company’s cost structure with the current size of its business.”
- Reuters
UPDATE 2-Peloton CEO McCarthy steps down, fitness equipment maker to cut 15% jobs
Peloton CEO Barry McCarthy has stepped down, the company said on Thursday as it decided to cut 15% of its workforce to tackle a post-pandemic slump in demand for its connected fitness equipment. Shares of the beleaguered New York-based company rose 8% before the bell as it also plans to cut back its retail presence owing to weak demand that has forced Peloton to push back its goal of returning to positive cash flow. Peloton chairperson Karen Boone and director Chris Bruzzo will serve as interim co-CEOs.
ReutersPeloton CEO McCarthy steps down, fitness equipment maker to cut 15% jobs
Shares of the beleaguered New York-based company rose 8% before the bell as it also plans to cut back its retail presence owing to weak demand that has forced Peloton to push back its goal of returning to positive cash flow. Peloton chairperson Karen Boone and director Chris Bruzzo will serve as interim co-CEOs. In addition, the company named director Jay Hoag as the chairperson of the board.
