Reported 2 days ago
Peloton Interactive, Inc. (PTON) saw a significant rise in its stock price, increasing by 12.16% to close at $7.47, following the company's announcement of new strategic growth initiatives. During a Bank of America conference, CEO Peter Stern detailed plans for global retail expansion and improved marketing efficiency, aimed at reducing subscriber acquisition costs. The company is also set to pay off $200 million in debt in February 2026 and has appointed new executives to strengthen its operations and drive international growth.
Source: YAHOO