(Boursier.com) — After its 24% plunge last Thursday, the stock Platoon rallied 11.7% on Friday night on Wall Street and climbed another 9.8% to $29.71 on Monday. The title was supported by an article in the ‘Wall Street Journal’, according to which an activist investor intends to ask the American specialist in connected exercise bikes about thelay off its managing director John Foley, and to consider a sale.
People familiar with the matter told the ‘WSJ’ that Blackwells Capital, which holds a large but less than 5% stake in Peloton, would believe that technology or fitness companies could be interested in acquiring the manufacturer of exercise bikes, ‘star’ of confinements, but recently battered on the stock market.
The CEO of Peloton indicated at the end of last week that the company reviewed the size of its workforce and its level of production, in order to adapt to more seasonal demand. John Foley was reacting to Peloton’s stock price crashing following reports from ‘CNBC’ that the group had temporarily halted production of exercise bikes and treadmills in the face of falling demand.
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