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May 12, 2023
Peloton Interactive, Inc., a New York City-based exercise equipment and media company, experienced a significant drop in shares on Thursday, falling by almost 7%. This decline was in response to the company's recent recall of over 2 million bikes for repairs. On Thursday, Peloton made an announcement regarding a 'voluntary recall' of its original bike model that was sold between January 2018 and May 2023. According to the company's release, there is a risk of the seat post br...
May 12, 2023
The seat post assembly can break during use.
May 12, 2023
Peloton Interactive, Inc. (NASDAQ:PTON – Get Rating)’s share price reached a new 52-week low during mid-day trading on Friday . The company traded as low as $6.62 and last traded at $6.75, with a volume of 1393340 shares changing hands. The stock had previously closed at $6.86. Wall Street Analysts Forecast Growth A number of […]
May 12, 2023
The seat post assembly can break during use.
May 11, 2023
Peloton Interactive (NASDAQ:PTON – Get Rating) had its price target cut by Barclays from $19.00 to $17.00 in a research note released on Monday, The Fly reports. Other equities research analysts have also issued research reports about the stock. KeyCorp began coverage on shares of Peloton Interactive in a research note on Tuesday, April 18th. […]
May 11, 2023
BMO Capital Markets upgraded shares of Peloton Interactive (NASDAQ:PTON – Get Rating) from an underperform rating to a market perform rating in a research report report published on Monday, The Fly reports. BMO Capital Markets currently has $9.50 target price on the stock. Other equities analysts have also recently issued research reports about the stock. […]
May 11, 2023
Peloton is recalling more than 2 million of its exercise bikes because the bikes seat post assembly can break during use, posing fall and injury hazards.
May 11, 2023
Peloton Interactive will recall 2.2 million exercise bikes due to the risk of injuries from a seat-related issue, the company said Thursday, sending its shares down 7%.
May 11, 2023
Peloton is recalling more than 2 million of its exercise bikes in the U.S. because the bike’s seat post assembly can break during use, posing fall and injury hazards. The recall includes approximately...
May 11, 2023
Peloton is recalling 2.16 million exercise bikes in the U.S. because of a risk that the seat post could break during use, causing injuries.