David Einhorn says Peloton is significantly undervalued

Peloton’s stock surged over 11% after David Einhorn of Greenlight Capital declared the company as undervalued at the Robin Hood Investors Conference, riding a Peloton bike during his pitch. Greenlight Capital holds a $6.8 million stake in Peloton, which recently announced a partnership with Costco and is currently seeking a new CEO to focus on profitability after a refinancing effort.

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