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Why are Peloton Shares Rising Today

00:00:50

سعر الفيديو: 5 ریال اسبوعي

Peloton Interactive ($PTON@US) shares are trading higher by more than 30% this morning following a report from the Wall Street Journal that suggests the company has drawn interest in acquisitions from companies including Amazon ($AMZN@US). The report states Amazon has been speaking to advisors about a potential deal. The Friday report goes on to state there is no guarantee the e-commerce giant will follow through with an offer or that Peloton would be receptive. Peloton shares have fallen more than 70% since November, and a January 20th CNBC report shared that Peloton planned to halt production of its bikes and treadmills as demand wanes. Peloton Interactive operates an interactive fitness platform under two segments: Connected Fitness Products and Subscriptions. Peloton has a 52-week high of just over $155 and a 52-week low of nearly $20 per share.

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