Previous close | 11.25 |
Open | 11.25 |
Bid | 0.00 |
Ask | 0.00 |
Strike | 15.00 |
Expiry date | 2025-12-19 |
Day's range | 11.25 - 11.25 |
Contract range | N/A |
Volume | |
Open interest | N/A |
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.
Q3 2024 Peloton Interactive Inc Earnings Call
As the repayment date for Peloton Interactive’s roughly $1.7 billion in debt comes closer, the embattled at-home fitness company is trying a classic play, hiring a different CEO and cutting about 15% of its staff. The move is Peloton’s latest attempt to strike the right balance for its business, which has struggled since the pandemic-era surge in demand for at-home exercise equipment faded. Consumers went back to in-person workout classes and gyms, and had less need to shell out hundreds of dollars for Peloton’s bikes and treadmills.