You'll Never Guess Who Owns 19.1% of Peloton
Shares of interactive stationary bicycle-maker (boy, that was a mouthful!) Peloton Interactive (NASDAQ: PTON) dropped out of the gate after their IPO in September, falling 11% on their first day on the public markets. Happily for shareholders, Peloton stock has recovered in the weeks and months since, and today sits very near its IPO price once again.
No one may be happier about that than the good folks at your favorite cable company: Comcast (NASDAQ: CMCSA).
Guess who's standing behind Peloton? Image source: Getty Images.
Source Fool.com
