PTON - What's Going On With Peloton's Stock? | Benzinga
Peloton Interactive, Inc. (NASDAQ:PTON) shares are trading higher Thursday, and the stock is up by more than 35% over the past five days. Here's a look at what's going on.
What To Know:
Peloton shares soared following a CNBC report Tuesday which said multiple private equity firms are considering a buyout of the company.
According to the report, the company has discussed plans to go private with at least one firm and multiple private equity firms have expressed interest.
Last week, Peloton reported worse-than-expected third-quarter results, a CEO transition, and plans to cut 15% of its global workforce.
Peloton shares are moving on heavy trading volume Wednesday and 16.13% of ...