Comcast’s NBCUniversal Sells Half Of Its Stake In Peleton For $178 Million
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Comcast’s NBCUniversal has unloaded a chunk of Peleton Interactive shares worth $178 million as companies big and small scrutinize their portfolios to raise cash during a time of intense economic uncertainty.
The company said in an SEC filing it sold 5.2 million Peleton shares for $34.21 each. It still owns 5.14 million shares. The fitness company is in the rarefied group including Zoom and Netflix that have see share price gains during the current shelter-at home pandemic era. It’s posted strong gains from the start of the year, tradign at about $31 – well up from its 52-week low of $17.70.
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