Coming into the holiday-shortened trading week, the CE 100 Index lost 2.4%. All pillars posted declines for the week that ended May 24. Peloton helped bring the “Be Well” pillar down by 4.5%. The stock’s 19.6% loss came as the company announced a private offering of $275 million...
Peloton Interactive plans to launch a global refinancing. The connected fitness company will offer $275 million aggregate principal amount of convertible senior notes due 2029 in a private offering and enter into a $1 billion five-year term loan facility and a $100 million five-year revolving credit...
The CE 100 Index was up 1.7% through the past week, and earnings were the dominant theme across all pillars. Pay and Be Paid Pillar Leads the Pack Pillar by pillar performance was mixed. Within the Pay and Be Paid segment, which gained 7.7%, Sezzle surged 65.9%....
Although it didn’t address two big elephants in the room, buy now, pay later company Affirm rode solid advancements in its debit card and gross merchandise volume metrics to better-than-expected Q3 earnings results. In what is a continuing referendum on consumer spend this earnings season,...
June 03, 2024
The CE 100 Index slipped 1.1%, as AI names were – to put it mildly – volatile in the wake of earnings reports. MongoDB Leads to the Downside MongoDB shares sank 32.5% and led the Enablers segment 2.6% lower in the holiday shortened trading week. The shares plummeted after the company reported earnings that detailed […]
May 27, 2024
Coming into the holiday-shortened trading week, the CE 100 Index lost 2.4%. All pillars posted declines for the week that ended May 24. Peloton helped bring the “Be Well” pillar down...
May 13, 2024
The CE 100 Index was up 1.7% through the past week, and earnings were the dominant theme across all pillars. Pay and Be Paid Pillar Leads the Pack Pillar by...
April 22, 2024
The CE 100 Index gave up 3.5% for the week as earnings season began in full swing. Stock market gains were few and far between. The banking group eked out...
May 20, 2024
Peloton Interactive plans to launch a global refinancing. The connected fitness company will offer $275 million aggregate principal amount of convertible senior notes due 2029 in a private offering and enter into a $1 billion five-year term loan facility and a $100 million five-year revolving credit facility, Peloton said in a Monday (May 20) press release. “Peloton intends to use […]
May 07, 2024
Private equity firms have reportedly been considering a buyout of Peloton. At least one firm has talked with Peloton about going private, and a number of other firms have considered...
May 02, 2024
Peloton Interactive has begun a search for a new CEO and announced that Barry McCarthy has stepped down as CEO, president and board director. Chairperson Karen Boone and Director Chris Bruzzo will serve as interim co-CEOs, while Director Jay...
April 15, 2024
Connected fitness company Peloton has stopped offering an unlimited free-membership tier that was once a key part of its growth strategy. The free tier for the company’s app was added in May...
