Feb 7, 2022 - Economy & Business
Peloton stock price surges following reports of possible acquisition
Peloton investors are loving the idea of a rescue by way of acquisition.
Catch up quick: Peloton’s stock price shot up 21% since Friday's close, when the Wall Street Journal reported Amazon and other companies like Nike might be interested in a takeover.
- The once-high-flying pandemic stock has been on the decline since Nov. 4 when it said demand for its bikes and treadmills was slowing faster than expected.
What to watch: The company is set to report earnings tomorrow after the bell.
Go deeper: Peloton’s popularity is falling as swiftly as it shot up