A mechanic works on a motorcycle at a Harley-Davidson showroom and repair shop in Lindon, Utah, U.S., on Monday, April 19, 2021. George Frey | Bloomberg | Getty Images Check out the companies making h...
Tag: Peloton Interactive Inc
Peloton stock continues rally as company replaces John Foley as CEO
Peloton Interactive Inc.’s newly announced chief executive will face a lowered bar as the maker of exercise equipment once again cut its full-year forecast in the face of slowing demand. Tuesday marke...
Peloton, Novavax, Harley-Davidson and more
Take a look at some of the biggest movers in the premarket: Peloton (PTON) – Peloton CEO John Foley will be stepping down. The fitness equipment maker will also slash about 2,800 jobs or about 20% of ...
Peloton slashes full-year revenue outlook to $3.7 billion to $3.8 billion from $4.4 billion to $4.8 billion
A man walks in front of a Peloton store in Manhattan on May 05, 2021 in New York. John Smith | Corbis News | Getty Images Peloton on Tuesday slashed its financial outlook for the full year after the c...
Peloton CEO John Foley to step down, transition to executive chair as company cuts 2,800 jobs, says report
John Foley, CEO of Peloton. Adam Jeffery | CNBC Peloton plans to replace CEO John Foley and cut 2,800 jobs as it hopes to restructure its business amid waning demand, according to a report in the Wall...
Spirit Airlines, Peloton, Snowflake, Netflix and more
A Spirit Airlines aircraft takes off at Orlando International Airport. Paul Hennessy | SOPA Images | LightRocket | Getty Images Check out the companies making headlines in midday trading. Frontier Gro...
Peloton shares up on takeover talks, here’s why a deal might not work
Peloton’s stock soared more than 25% Monday, putting it back above its IPO price, as the beaten down connected fitness equipment maker attracts interest from outsiders. Thus far, reports have na...
Spirit Airlines, Peloton, Energizer and more
Take a look at some of the biggest movers in the premarket: Spirit Airlines (SAVE) – Spirit surged 11.4% in the premarket after announcing it would buy competitor Frontier Airlines in a stock swap dea...
5 things to know before the stock market opens Monday, February 7
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street edged up after S&P 500, Nasdaq score best weeks of 2022 Traders work on the flo...
This is a treacherous market filled with extreme stock moves
CNBC’s Jim Cramer on Friday offered viewers his game plan for the next five trading days on Wall Street. The “Mad Money” host’s lookahead came after the S&P 500 and Nasdaq ...
Peloton stock jumps 34% on report Amazon is among potential buyers
Brody Longo works out on his Peloton exercise bike on April 16, 2021 in Brick, New Jersey. Michael Loccisano | Getty Images Shares of Peloton jumped more than 34% in extended trading Friday after the ...
Peloton internal docs show it slashed 2022 sales goals for apparel unit
Peloton briefly advertised its private-label apparel line outside of a storefront in the SoHo neighborhood of New York City. Source: Kevin Stankiewicz, CNBC Peloton has slashed 2022 sales projections ...
Netflix, Kohl’s, Wynn Resorts, General Motors and more
Mario Tama | Getty Images News | Getty Images Check out the companies making headlines in midday trading. Netflix — Shares of the streaming giant fell 2.6% after Jefferies downgraded the stock to hold...
Kohl’s, Snap, Peloton and more
Take a look at some of the biggest movers in the premarket: Kohl’s (KSS) – Kohl’s soared 27.3% in premarket trading as takeover interest in the retailer ramps up. Starboard-backed Acacia R...
5 things to know before the stock market opens Monday, Jan. 24
Here are the most important news, trends and analysis that investors need to start their trading day: 1. Wall Street to open lower after Nasdaq’s worst week since March 2020 Traders on the floor...
Activist investor Blackwells to call on Peloton to fire CEO, explore sale
A person walks past a Peloton store on January 20, 2022 in Coral Gables, Florida. Joe Raedle | Getty Images An activist is pushing Peloton to fire its chief executive officer and consider a sale as it...
Peloton’s brand gets slammed again after an unfavorable portrayal in ‘Billions’
Peloton Interactive Inc. stationary bicycles sit on display at the company’s showroom on Madison Avenue in New York, U.S., on Wednesday, Dec. 18, 2019. Jeenah Moon | Bloomberg | Getty Images War...
Netflix, Peloton, Disney and more
Netflix logo Mario Tama | Getty Images News | Getty Images Check out the companies making headlines in midday trading. Netflix – Shares of the streaming giant tanked 21%, on pace for their worst day s...
Peloton shares up after CEO says it must ‘right-size’ production levels, consider layoffs
A Peloton Bike Shannon Stapleton | Reuters Peloton shares are up more than 5% in trading Friday after the company said it’s resetting its production levels and considering layoffs in order to ma...
Peloton CEO says company is taking ‘significant corrective actions’
John Foley, co-founder and chief executive officer of Peloton Interactive Inc., stands for a photograph during the company’s initial public offering (IPO) in front of the Nasdaq MarketSite in Ne...
Peloton’s market value drops by $2.5 billion as shares close below IPO price
A monitor displays Peloton Interactive Inc. signage during the company’s initial public offering (IPO) across from the Nasdaq MarketSite in New York, U.S., on Thursday, Sept. 26, 2019. Michael N...
Peloton to pause production of its Bikes, treadmills as demand wanes
Peloton is temporarily halting production of its connected fitness products as consumer demand wanes and the company looks to control costs, according to internal documents obtained by CNBC. Peloton p...
Peloton’s stock skids, following report it will pause production of bikes, treadmills
Shares of Peloton Interactive PTON, -17.24% were sinking Thursday afternoon, trading below where it first listed, after a report said the exercise-equipment maker was temporarily pausing production of...
Peloton insiders sold nearly $500 million in stock before its big drop
Peloton executives and insiders sold nearly $500 million worth of their stock before its big decline, according to filings with the Securities and Exchange Commission. Peloton stock is down more than ...
Activision Blizzard, Goldman Sachs, Peloton, Moderna and more
A Peloton office sign is seen near a person riding a bicycle as the city moves into Phase 3 of re-opening following restrictions imposed to curb the coronavirus pandemic on July 16, 2020 in New York C...
Peloton hires McKinsey to review cost structure as equipment sales slow
Peloton is working with management consulting group McKinsey & Co. to review its cost structure and potentially eliminate some jobs, CNBC has learned. The possible job cuts were discussed in a rec...
Alibaba, Citrix, 23andMe and others
Check out the companies making headlines before the bell: Alibaba (BABA) – Alibaba fell 3.8% in the premarket after a Reuters report said the Biden administration was reviewing the China-based company...
Peloton is about to tack on hundreds of dollars in fees to its Bike and treadmill, citing inflation
Peloton Interactive Inc. stationary bicycles sit on display at the company’s showroom on Madison Avenue in New York, U.S., on Wednesday, Dec. 18, 2019. Jeenah Moon | Bloomberg | Getty Images Pel...
Lululemon taps former Amazon exec as new CEO of its at-home gym Mirror
Michael Aragon previously served the role of chief content officer of Twitch, Amazon’s livestreaming business. Source: Lululemon Lululemon said Thursday it has named former Amazon exec Michael A...
Opinion: Peloton’s stock price is disconnected from reality, and it will fall below $15 before hitting bottom
We have been recommending that investors short Peloton since October 2020. Even after falling 76% in 2021 and continuing to drop this month, Peloton’s valuation remains disconnected from the reality o...