NEW YORK, NY / ACCESSWIRE / November 27, 2021 / Labaton Sucharow, a nationally ranked and award-winning shareholder rights law firm, announces that a securities class action has been filed against Peloton Interactive, Inc. (NASDAQ:PTON). Investors who purchased the company's securities between December 9, 2020, and November 4, 2021, inclusive (the ''Class Period''), are encouraged to contact the firm before January 18, 2022.
On November 5, 2021, stock of the exercise bike and treadmill maker closed down 35% after Peloton cut its annual revenue forecast by as much as $1 billion and lowered its projections for subscribers and profit margins. On November 8, 2021, the stock fell an additional 10% after being downgraded by Argus Research, who cited a higher expectation of losses over the rest of FY22 as a result of input prices, higher freight costs, the reopening of gyms, and a growing number of competitors.
If you purchased Peleton securities during the Class Period and want to receive additional information and protect your investments free of charge, please contact David J. Schwartz using the toll-free number (800) 321-0476, via email at [email protected], or by filling out this form.
About the Firm
Labaton Sucharow LLP is one of the world's leading complex litigation firms representing clients in securities, antitrust, corporate governance and shareholder rights, and consumer cybersecurity and data privacy litigation. Labaton Sucharow has been recognized for its excellence by the courts and peers, and it is consistently ranked in leading industry publications. Offices are located in New York, NY, Wilmington, DE, and Washington, D.C. More information about Labaton Sucharow is available at labaton.com.
CONTACT:
David J. Schwartz
(800) 321-0476
[email protected]
SOURCE: Labaton Sucharow LLP