Peloton Shares Surge Over Private Equity Buyout Rumors—After Years-Long Slump
PTONPeloton(PTON) Forbes·2024-05-07 23:13

Topline Shares 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 Facts CNBC reported several unnamed private equity firms are involved in the talks, citing unname ...