Peloton to pause key production – report

Peloton Interactive Inc. will suspend the production of its key products – stationary bicycles and treadmills, CNBC reported on Thursday, citing company documents it obtained.

Bike production will be halted for two months, while the Tread treadmill machine output will resume after a six-week pause, according to the report. The company has allegedly faced a drop in demand, leading it to the aforementioned moves.

Trading in Peloton’s shares was briefly stopped after the release of the report caused a nearly 25% fall. Its stock recovered slightly thereafter, declining 15.23% at 1:53 pm ET, selling for $27.



Baha Breaking the News (BBN) / MS



Source link

About the author: admin Academy

admin

Alcuni articoli sono qui aggregati per darti un'informazione continua e costante, pertanto, sotto ognuno di essi troverai la fonte: entra nel sito di riferimento per avere ulteriori news ed informazioni sull'economia mondiale, ti sarà utile. Ti aspetto nell'Academy!

Get involved!

Fai trading in gruppo!
L'unica Academy di trading completamente gratuita per gli utenti FpMarkets

Comments

Ancora nessun commento