Peloton CEO Barry McCarthy steps down
The connected-fitness company also announced on Thursday that it would cut 15% of its global work force
Source: theglobeandmail.com
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Stocks making biggest premarket moves: PTON, CVNA, CI, QCOM and more
These are some of the stocks posting the largest moves in the premarket.
Source: cnbc.com
Telsey Advisory Group Reaffirms "Market Perform" Rating for Peloton Interactive (NASDAQ:PTON)
Telsey Advisory Group reissued their market perform rating on shares of Peloton Interactive (NASDAQ:PTON – Free Report) in a report released on Monday morning, MarketBeat.com reports. Telsey Advisory Group currently has a $4.00 target price on the stock, down from their previous target price of $5.00. Several other analysts also recently weighed in on the […]
Source: wkrb13.com
Peloton Tumbles to Record Low After Announcing CEO Exit, Layoffs
Peloton Interactive Inc. shares fell to a record low after Chief Executive Officer Barry McCarthy announced plans to step down and the struggling fitness company embarked on a major restructuring that will reduce its global workforce by 15%.
Source: hindustantimes.com
Peloton CEO Barry McCarthy Resigns As Company Decides To Downsize By 15%: 'No Other Way To Bring Its Spending In Line With Its Revenue' - Peloton Interactive (NASDAQ:PTON)
The company also plans to scale back its retail footprint.
Source: benzinga.com