Shares of the beleaguered fitness firm Peloton were trading up $6.79 at $31.39 shortly after the market opened on Monday morning.
NurPhoto via Getty Images
The speculation about a sale comes two weeks after Peloton activist investor Blackwells Capital sent a scathing letter to the company’s board of directorsYet any leadership shakeup or potential sale would have to receive the blessing of Foley and the rest of the company’s management team, who collectively control about 80% of the company’s voting shares, according to the most recently available securities filings.
Foley has sold off about $120 million of Peloton shares since the company’s September 2019 IPO. Most of the sales came during Peloton’s pandemic boom when the shares were worth more than $110 each, securities filings show. Other executives also have sold off shares worth a total of about $380 million, according to the filings.
“This also makes me wonder if part of their longterm plan was to sell off all their shares when it was high and the accept the Golden Parachute later,” the insider griped. Apple is also considering a bid for Peloton.Monday’s stock rally also comes as Peloton prepares to report quarterly earnings on Tuesday.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Amazon and Nike are exploring bids for Peloton, report saysPeloton Interactive Inc has drawn interest from potential buyers including e-commerce giant Amazon, according to a person familiar with the matter, as the exercise bike maker struggles to maintain pandemic-fueled growth.
Les mer »
Amazon and Nike are reportedly thinking of buying Peloton | EngadgetBigger companies are eyeing the exercise equipment maker..
Les mer »
Amazon, Nike, and Other Bidders Are Reportedly Circling PelotonSeveral corporations seem eager to scoop up the beleaguered exercise equipment manufacturer.
Les mer »
Google is finally splitting its stock; will Amazon be next, leading to a Dow shakeup?OPINION: Alphabet and Amazon are well overdue for splits that would bring down their share prices, which could be the first step to a shakeup of the blue-chip Dow Jones Industrial Average, writes tpoletti.
Les mer »