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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精彩评论

  • KYHBKO
    2022-02-05
    KYHBKO
    The interest needs to be confirmed.  Usually, there is a due diligent process and thus, it may take a while for this to be completed.  The other question is what this can do for ‌$Amazon.com(AMZN)$‌and how it can add value for the company.  With the solid growth seen in its AWS, the market is hopeful that this will continue to drive the earnings of the company.
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