3:54 PM · 22 December 2020

Peloton stock jumped 12% on acquisition news

Peloton
Stocks
PTON.US, Peloton Interactive Inc - class A
-
-

Peloton (PTON.US) stock surged more than 12% after the fitness equipment maker announced it will buy its competitor Precor for $420 million. Precor makes cardio and weight machines, and ranks among the largest commercial suppliers of fitness equipment in the world. The deal expands Peloton's manufacturing capabilities, grows its potential customer base, and benefits from Precor's experience and research/development teams. The company also expects to generate more sales of equipment and subscriptions to gyms, hotels, colleges, and other commercial customers.The acquisition prompted KeyBanc Capital Markets to raise its price target on Peloton from $160 to a Street-high $185, saying the deal was “highly synergistic” and supportive of long-term growth. 

Peloton (PTON.US) stock launched today's session with a massive bullish price gap and painted a fresh ATH at $166.35. Stock has pulled back a bit since. Should a bigger downward correction start, the nearest key support to watch lies at the $144.50 level. Source: xStation5
28 October 2025, 6:46 PM

Daily Summary – Wall Street Rises Ahead of “Magnificent Seven” Earnings

28 October 2025, 6:00 PM

Palantir and Nvidia Join Forces in Advanced Artificial Intelligence Development

28 October 2025, 5:41 PM

Microsoft and OpenAI: Strategic Restructuring and the Upcoming Report as an AI Market Barometer

28 October 2025, 4:40 PM

Cameco Shares Hit Record Highs Following Strategic Partnership Announcement with the US!

Join over 1 700 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits