Shares of Peloton surge 11% after David Einhorn says stock is significantly undervalued

David Einhorn speaking at the 2024 SOHN Conference in New York City on April 3rd, 2024.Shares of Peloton spiked more than 11% on Wednesday after Greenlight Capital's David Einhorn said shares of the company are significantly undervalued, CNBC has learned. Einhorn made the pitch to investors while he was riding a Peloton bike, a person familiar with his remarks said. It was not immediately clear what Einhorn believed Peloton shares should trade at.Over the summer, Greenlight Capital, the hedge fund that Einh ...