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Peloton's new CEO has a chance to turn things around. Here's what he needs to do.
Peloton is betting that its new CEO, Peter Stern, can help turn the struggling company around after…
Madeline Berg,Mary Hanbury,Er…
Nov 01 2024 11:34 IST
Wharton Professor Jeremy Siegel's 2024 outlook: Stocks and home prices will jump, interest rates will tumble, and recession won't hit
The "Wizard of Wharton" sees the Fed cutting interest rates five or six times next year, driving up…
Theron Mohamed
Dec 15 2023 14:59 IST
Peloton crumbles 20% to a record low after third-quarter earnings miss reveals a 'thinly capitalized' company
"We finished the quarter with $879 million in unrestricted cash and cash equivalents, which leaves …
Matthew Fox
May 10 2022 14:10 IST
Peloton's CEO steps down as the company cuts 15% of staff
Peloton CEO Barry McCarthy is stepping down, the fitness company announced on Thursday.
Grace Dean
May 02 2024 15:02 IST
Peloton drops 25% to trade below its IPO price after report says company will halt production of its bikes due to weak demand
"Morale is at an all-time low. The company is spinning out so fast," an anonymous Peloton employee …
Matthew Fox
Jan 20 2022 19:44 IST
Peloton stock jumps 12% after CEO John Foley steps down and the company says it will slash 2,800 jobs
Peloton slashed full-year revenue guidance to $3.7 billion to $3.8 billion, down from a prior outlo…
Shalini Nagarajan
Feb 08 2022 16:12 IST
Peloton's 81% decline gets it kicked out of the Nasdaq 100 just one year after its inclusion
The swap between Peloton and Old Dominion sums up the ongoing rotation in the stock market out of g…
Matthew Fox
Jan 14 2022 15:42 IST
Peloton stages a rebound after stock plunge as the CEO says it is resetting production for sustainable growth
"We feel good about right-sizing our production," Peloton CEO John Foley told employees in a letter…
Carla Mozée
Jan 21 2022 17:57 IST
Peloton recovers after sinking on company's plan to sell $1 billion in stock
The $1.1 billion in capital raising comes after the maker of high-end exercise bikes posted weak qu…
Carla Mozée
Nov 16 2021 17:34 IST
Peloton sheds $8 billion in value after earnings show the reopening is hitting sales hard
"We underestimated the reopening impact on our company," Peloton chief John Foley told shareholders…
Harry Robertson
Nov 05 2021 16:02 IST
Peloton sinks after issuing downbeat outlook as it slashes $400 off the price of its original exercise bike
The company said Friday it received a federal subpoena stemming from reports about injuries from it…
Carla Mozée
Aug 27 2021 14:39 IST
Cathie Wood's Ark bought the dip in Peloton as the bike maker tumbled amid a larger than expected drop in its earnings
The Ark Next Generation ETF bought an additional 115,515 shares of PTON on Monday.
Emily Graffeo
Aug 31 2021 17:39 IST
Peloton's earnings shocker just wiped 34% off the stock as home-exercise interest fades - but JPMorgan says a strong holiday season can help propel it back up 60% next year
JPMorgan analysts maintained an 'overweight' rating ahead of the exercise equipment maker's stronge…
Isabelle Lee
Nov 05 2021 19:03 IST
Peloton's 15% sell-off amid treadmill woes has created a ripe buying opportunity, Credit Suisse says
Buy the dip in Peloton's shares as future sales will be "delayed, not lost," due to treadmill recal…
Emily Graffeo
May 06 2021 15:40 IST
Here's why a Peloton acquisition by Apple would make strategic sense for the iPhone maker, Wedbush says
"Acquiring Peloton would be a major strategic coup and catalyze [Apple's] aggressive health and fit…
Matthew Fox
Feb 07 2022 16:06 IST
The maker of NordicTrack exercise equipment files to go public and wants to raise $100 million from its IPO
iFit Health charges $15 a month to individuals to access its live and on-demand fitness content.
Carla Mozée
Sep 01 2021 21:06 IST
Peloton stock extends loss after disclosing that a child was fatally injured by one of its treadmills
"There are no words to express the shock and sadness everyone at Peloton feels as a result of this …
Matthew Fox
Mar 18 2021 18:47 IST
Peloton can rally 12% as demand continues to surpass supply in early 2021, Bank of America says
Peloton deliveries were delayed 10 weeks as of January 6, signaling demand still outstripped supply…
Ben Winck
Jan 13 2021 21:18 IST
US stocks climb as bond yields slip from 16-year highs
The Dow gained over 100 points, while the S&P 500 and the Nasdaq edged higher amid a decline in key…
Phil Rosen
Sep 28 2023 21:36 IST
Peloton drops 7% after the cycle-maker said it's struggling to keep up with surging demand for its flagship fitness products
Over the past year, Peloton's customers have complained of months-long waits, delivery delays, and …
Shalini Nagarajan
Feb 05 2021 15:29 IST