Peloton COO’s Stock Sale Coincides With Legal Challenge Against U.S. Tariffs
Peloton Interactive Inc. faces dual challenges as its COO executes a sizable stock sale while the company wages a legal battle against federal tariffs. Charles Peter Kirol disposed of 22,520 shares at $6.46-$6.49 per share, generating $145,650 to cover tax obligations from vested restricted stock units. The transaction follows his conversion of 56,510 RSUs on January 15.
The fitness equipment Maker simultaneously fights a trade war in court. Peloton's January 7 lawsuit challenges tariffs imposed under emergency economic powers legislation. Market reaction has been brutal—shares tumbled 7.42% to $5.86 on Tuesday, extending a 30.57% annual decline. The stock now hovers near 52-week lows with an RSI of 38.08 signaling potential oversold conditions.
