Peloton Shares Surge Over Private Equity Buyout Rumors—After Years-Long Slump

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 ...