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Peloton Needs a Wizard
The Motley Fool· 2024-05-08 13:14
We also talk about big oil and chat with Tom Chivers, author of "Everything Is Predictable: How Bayesian Statistics Explain Our World."In this podcast, we break down Peloton's CEO shift and big oil's big profits.And Tom Chivers, author of Everything Is Predictable, explains how the Bayesian theorem underlies much of modern life and investing.To catch full episodes of all The Motley Fool's free podcasts, check out our podcast center. To get started investing, check out our quick-start guide to investing in s ...
Private Equity Firms Considering Buyout of Peloton
PYMNTS· 2024-05-07 19:17
Private equity firms have reportedly been considering a buyout of Peloton.At least one firm has talked with Peloton about going private, and a number of other firms have considered an acquisition but may or may not have talked with the company, CNBC reported Tuesday (May 7), citing unnamed sources.A deal may not be made, and Peloton may remain a public company, according to the report.When asked by CNBC about these reports, a Peloton spokesperson said, “We do not comment on speculation or rumors,” per the r ...
Options Traders Target Soaring Peloton Stock
Schaeffers Research· 2024-05-07 18:55
Peloton Interactive Inc (NASDAQ:PTON) stock is soaring today, after reports that private equity firms are circling the company for a potential buyout. At last check, PTON was up 16.5% at $4.13.Options traders are swarming Peloton stock in response. So far, 96,000 calls and 65,000 puts have been exchanged, which is already five times the overall average daily options volume. The weekly 5/10 3.50-strike put is most popular, where new positions are being bought to open. Today's pop has the stock further remove ...
Why Peloton Stock Surged Today
The Motley Fool· 2024-05-07 18:06
Rumors are swirling of a possible takeover of the connected fitness company.Shares of Peloton Interactive (PTON 16.20%) were soaring today after CNBC reported that private equity firms were considering making a buyout offer for the connected fitness company.As of 12:48 p.m. ET, the stock was up 12.6%. Is Peloton about to get a reprieve?It's no secret that Peloton's wheels have been spinning backward ever since the pandemic lockdowns eased. The company just issued another round of layoffs and ushered out CEO ...
Peloton Stock Races Higher After Reports Of Potential Private Equity Buyout
Investopedia· 2024-05-07 17:40
Key TakeawaysShares in fitness company Peloton jumped after CNBC reported private equity firms were exploring a buyout.Peloton announced last week that CEO Barry McCarthy would be leaving the firm as it planned to cut 15% of its staff.The company is looking to cut operating expenses by up to $200 million as it has failed to turn a profit since 2020. Shares in Peloton (PTON) kicked into a high gear Tuesday after news reports that a number of private equity firms may be considering a buyout. At least one firm ...
Peloton shares step higher on reports of private equity interest
Proactive Investors· 2024-05-07 15:37
About this content About Oliver Haill Oliver has been writing about companies and markets since the early 2000s, cutting his teeth as a financial journalist at Growth Company Investor with a focusing on AIM companies and small caps, before a few years later becoming a section editor and then head of research. He joined Proactive after a couple of years freelancing, where he worked for the Financial Times Group, ITV, Press Association, Reuters sports desk, the London Olympic News Service, Rugby World Cup ...
Peloton could be poached by private equity firms: report
Fox Business· 2024-05-07 15:35
Peloton's stock jumped Monday on news that the beleaguered high-end fitness company is being eyed by private equity firms for a potential buyout.  The company, which has been trying to turn around mounting losses, started talks with one firm, people familiar with the matter told CNBC. The source didn't specify the firm's level of interest in actually acquiring the company, according to the report.   Peloton told FOX Business in a statement that it does "not comment on speculation or rumors."   Peloton's sto ...
Embattled Peloton shares soar as private equity firms reportedly consider buyout
New York Post· 2024-05-07 15:23
 A number of private equity firms have been considering a buyout of Peloton as the connected fitness company looks to refinance its debt and return to growth after 13 straight quarters of losses, CNBC reported Tuesday.Shares of the fitness equipment maker rose 12% to $3.98.The New York-based company has had talks with at least one firm in recent months as it considers going private, the report said, citing people familiar with the matter.Peloton has posted 13 straight quarters of losses REUTERS“We do not co ...
Peloton Shares Surge Over Private Equity Buyout Rumors—After Years-Long Slump
Forbes· 2024-05-07 15:13
ToplineShares of at-home spin class company Peloton spiked 15% Tuesday morning, the company’s best day on Wall Street in over four months, following a report that a group of private equity firms are mulling a buyout of the company, which has struggled with floundering sales, layoffs and recalls since a pandemic-era boom.Peloton's shares surged Tuesday morning amid buyout speculation.Gado via Getty Images Key FactsCNBC reported several unnamed private equity firms are involved in the talks, citing unnamed so ...
Private equity firms circle Peloton for potential buyout
CNBC· 2024-05-07 12:38
A Peloton Bike inside a showroom in New York, US, on Wednesday, Nov. 1, 2023. Peloton Interactive Inc. is scheduled to release earnings figures on November 2.A number of private equity firms have been considering a buyout of Peloton as the connected fitness company looks to refinance its debt and get back to growth after 13 straight quarters of losses, CNBC has learned. In recent months, the pandemic darling has had talks with at least one firm as it considers going private, people familiar with the matter ...