Peloton Stock Pops as New CFO Steps In Before a Key Index Move
Peloton shares rose 1.05% to $5.77 Tuesday after naming Sid Thacker, former Rent the Runway CFO, to lead its finance team starting June 22. The move comes as Peloton prepares to join the S&P SmallCap 600 index on May 27. Thacker’s contract includes a $635,000 base salary and $8 million in equity awards. Peloton’s paid connected-fitness subscriptions dropped 7.6% year over year last quarter.