Peloton stock surged more than 20% early Tuesday after reports that a number of private equity firms were considering taking over the struggling home-fitness outfit, which became a star during the Covid-19 pandemic.
CNBC cited unnamed sources Tuesday saying that Peloton has had talks with at least one firm as it ponders possibly going private. Several firms have looked at Peloton as a potential acquisition target, according to CNBC. However, it remains to be seen if any deal will come from the chatter.
Peloton stock rallied 17% to 4.12 during market action on Tuesday. Shares are down 98% since it hit all-time highs of 171.09 in 2021.
Peloton stock has a 14 Composite Rating out of 99. PTON also has a 7 Relative Strength Rating and a 49 EPS Rating.
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