A Peloton Executive Just Parted With $613,000 in Stock. Here's What Long-Term Investors Should Know
Sanders disposed of $613,190 under a pre-established trading plan, retaining 18,801 shares as Peloton stock has declined 30% over the past year.
Overview
Dion C. Sanders, chief commercial officer of Peloton Interactive, Inc. (NASDAQ:PTON), sold 112,512 shares of Class A Common Stock on August 19, according to a recent SEC Form 4 filing.
Transaction value based on SEC Form 4 weighted average sale price ($5.45); post-transaction value based on the August 19 market close ($5.47).
Details
Peloton Interactive operates as a global provider of interactive fitness solutions, commanding a market capitalization of $2.3 billion with TTM revenues of $2.4 billion. The company leverages proprietary hardware-software integration and a robust digital content ecosystem to differentiate itself in the competitive home fitness market, supported by a dedicated workforce of 2,656 employees based at its New York City headquarters.
Source
Originally published at www.fool.com.