BUZZ-Peloton rises after report on Einhorn's new stake
Reuters · 08/15 15:18
BUZZ-Peloton rises after report on Einhorn's stake
** Peloton Interactive's PTON.O shares rise ~6% to ~$3
** Hedge fund Greenlight Capital's David Einhorn reveals stake in co - CNBC
** PTON is grappling with falling sales due to uncertain demand for its stationary bikes and treadmills, pushing it to refinance debt
** Up to Wednesday's close, stock had fallen ~52% YTD
(Reporting by Utkarsh Shetti in Bengaluru)
((UtkarshUmesh.Shetti@thomsonreuters.com;))
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.