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PTON.US
id: 252, Created by Stan Vick, Scout

Peloton Interactive Inc

On August 29, 2022, Peloton informed securities regulators that it delays its annual report filing as it needs more time to complete the accounting and disclosures concerning impairment charges.
According to Company, the charges resulted from Peloton’s plan to exit its field operations warehouses, a move announced earlier this month as part of a broader cost-cutting plan.
Peloton added that it would assist in evaluating the internal controls over financial reporting on these developments and for its accountant.
On this news, the price of the Company's stocks declined by 8.5% on August 30, 2022.
These corporate events raise suspicions of proper governance, financial control, and information disclosure practices in the Company.

Alleged Offence
Mismanagement
Financial Misrepresentation
Failure to Disclose
Negligence
Omissions
Suspected Party
Directors
Management
Service Provider
Security Type
Stocks
Trade Direction
Long
Shock Event Date
29 August 2022
Collecting participants…
Created by Stan Vick, Scout

Peloton Interactive Inc

Peloton Interactive, Inc. operates interactive fitness platform in North America and internationally. The company offers connected fitness products with touchscreen that streams live and on-demand ...

    Ticker
    PTON.US
    ISIN
    US70614W1009
    CIK
    1062441
    Sector
    Consumer Cyclical
    Industry
    Leisure
    Country
    USA
    Address
    441 Ninth Avenue, New York, NY, United States, 10001