Peloton stock spikes on reports Amazon, Apple and Nike may be kicking tires
CBSN
The stock price of interactive stationary-bicycle maker Peloton climbed Monday amid unconfirmed reports that potential big-name suitors, including Amazon, Apple and Nike, are considering buying out the embattled fitness company.
Peloton shares were up 32% in premarket trading Monday following reports that such tech giants and consumer powerhouses are mulling bids. By the afternoon, Peloton's stock price was up about 15%, to around $28 a share.
The Wall Street Journal on Friday reported that Amazon and others are in the early stages of considering an acquisition, citing people the news outlet said were familiar with the matter. The Financial Times reported Nike also was considering acquiring the home fitness equipment maker, which boasts roughly 3 million subscribers to its streaming video-exercise offerings.
Ashley White received her earliest combat action badge from the United States Army soon after the first lieutenant arrived in Afghanistan. The silver military award, recognizing soldiers who've been personally engaged by an attacker during conflict, was considered an achievement in and of itself as well as an affirming rite of passage for the newly deployed. White had earned it for using her own body to shield a group of civilian women and children from gunfire that broke out in the midst of her third mission in Kandahar province. All of them survived. She never mentioned the badge to anyone in her battalion.