Peloton Stock Shoots Nearly 30% Higher after Report of Amazon Acquisition Interest

Dow Jones2022-02-05

Peloton stock shoots nearly 30% higher after report of Amazon acquisition interest.

Peloton Interactive Inc. shares jumped more than 28% in after-hours trading Friday after a report that potential acquirers including Amazon.com Inc. are sizing up the exercise equipment maker.

The Wall Street Journal reported Friday afternoon, citing "people familiar with the matter," that Amazon had hired advisers to discuss a potential deal for Peloton, which has seen a pandemic boom in sales dissipate and take its stock price down with it. No other potential acquirers were named, but the report suggested there were others. An activist investor wants Peloton's board to fire its chief executive and sell the company, which the Journal also first reported.

Peloton's stock closed at $24.60 Friday, lower than the $29 price charged in its 2019 initial public offering, but shares surged easily past $30 in after-hours trading following the report.

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Comments

  • Jialatsia
    2022-02-07
    Jialatsia
    Meep
  • Handoko
    2022-02-07
    Handoko
    👌🏻
  • Sing Options
    2022-02-07
    Sing Options
    Goes to show why cannot sell naked calls.
  • Handoko
    2022-02-06
    Handoko
    👍🏻
  • Eded
    2022-02-06
    Eded
    If Amazon buy , I believe the price will drop again. This is unlike rivian after all 
  • seejay
    2022-02-06
    seejay
    I'm too late
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