Why Peloton Stock Surged Today
Peloton(PTON) The Motley Fool·2024-05-07 18:06Rumors 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 ...