PTON Stock Alert: Peloton Pops on Private Equity Interest


  • Peloton (PTON) stock is rising on Tuesday as reports of a take-private offer spread.
  • These claim that the company is in discussions with one private equity firm.
  • They also claim that several other firms are interested in the fitness company.
PTON Stock - PTON Stock Alert: Peloton Pops on Private Equity Interest

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Peloton (NASDAQ:PTON) stock is getting a boost on Tuesday after the fitness company allegedly attracted the attention of private equity firms interested in buying it.

According to recent reports, Peloton has held discussions with at least one private equity firm about an acquisition. It’s unclear how far these talks have progressed or how serious the firm is about acquiring the company.

To go along with this, the reports claim that many other firms have expressed interest in acquiring Peloton. However, it doesn’t appear that any of them have yet reached out to the company about a deal to take it private.

The source of these reports remains anonymous due to the nature of the discussions. The individual also claims that a deal may not go forward. When CNBC asked Peloton about the reports, the company said it doesn’t “comment on speculation or rumors.”

How This Affects PTON Stock

News of a potential deal to take Peloton private has shares seeing heavy trading on Tuesday. This has more than 30 million units of PTON changing hands as of this writing. That’s nearly triple the company’s daily average trading volume of about 12 million shares.

Interest in a PTON stock acquisition from investors makes sense. The company has been reporting losses for 13 quarters in a row right now. That would make any kind of premium the take-private offers attractive to investors.

PTON stock is up 11.3% as of Tuesday morning. The stock is down 32.3% since the start of the year.

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On the date of publication, William White did not hold (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the Publishing Guidelines.

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