NASDAQ:PTON

Peloton Interactive Stock News

etoro logo Buy PTON
*Your capital is at risk
$6.52
-0.0900 (-1.36%)
At Close: Aug 05, 2026
At-home gym equipment and real-time fitness app company Peloton is counting on additional workforce reductions — the fourth round of companywide layoffs this year — to stay afloat amid mounting re

Peloton Announces Another Round of Job Cuts

09:16am, Thursday, 06'th Oct 2022
Peloton Interactive Inc (NASDAQ:PTON) is up 1.1% to trade at $8.58 ahead of the open, after the fitness company announced it would cut another 500 jobs -- about 12% of its remaining workforce.
The move marks the final effort to reduce the fitness giant's operating footprint as part of its turnaround effort, CEO Barry McCarthy told The Wall Street Journal.
The market didn't react well to changes in leadership.
Forbes is tracking the biggest layoffs in the U.S. this year as companies react to fears of a looming recession.
Peloton Interactive Inc. said it plans to cut about 500 jobs, roughly 12% of its remaining workforce, in the company's fourth round of layoffs this year as the connected fitness-equipment maker tries
Peloton has six months to show it can survive as a standalone company, CEO Barry McCarthy told employees, according to a report.
The connected fitness guru had rocketed higher the day before.
Peloton is vying to get more eyes on its products by partnering with retailers like Dick's Sporting Goods and hotel chains like Hilton.

Why Peloton Interactive Stock Was Soaring Today

12:48pm, Tuesday, 04'th Oct 2022
The biggest challenge for Peloton in the near term is navigating a weakening economy.
Hardware profits could take another hit from this decision.
Many technology stocks have lost a significant amount of value, but they're not all buying opportunities.
Company says nearly all 5,400 hotels in its US portfolio will have at least one of the exercise bikes by the end of the year.

Peloton's Deal With Hilton

07:10pm, Monday, 03'rd Oct 2022
Bloomberg's Mark Gurman joins Emily Chang to discuss the latest in Peloton's turnaround plan: Hilton will be the first hotel chain to offer Peloton Bikes across all of its US branded hotels. --------
Shares of Peloton are rising upon news that the exercise bike company is partnering with Hilton to provide its bikes to 5,400 hotel's locations.
Click to get the best stock tips daily for free!

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE