Skip to content
 
If you can read this, either the style sheet didn't load or you have an older browser that doesn't support style sheets. Try clearing your browser cache and refreshing the page.

(CNBC)   Take a bath on Peloton stock? It will be a comfort to know insiders made out like bandits before the drop   (cnbc.com) divider line
    More: Awkward, Stock, Stock market, company's CEO, selling plan, Sales, worth of their stock, Peloton executives, Share  
•       •       •

790 clicks; posted to Business » on 19 Jan 2022 at 2:50 PM (17 weeks ago)   |   Favorite    |   share:  Share on Twitter share via Email Share on Facebook



23 Comments     (+0 »)
View Voting Results: Smartest and Funniest
 
2022-01-19 2:56:53 PM  
FTA: John Foley, the company's CEO and co-founder, sold $119 million worth of stock starting in November 2020,

His sale, over 12 months before hitting a 12 month low while at an all time high, isn't really suspicious.

Most of his sales were for $110 a share or higher. The sales were part of a prearranged 10b5-1 plan to "sell a limited amount of the company's shares for personal financial management purposes,"

This is the normal process and public information, it really isn't insider trading.
 
2022-01-19 2:59:11 PM  

Muta: FTA: John Foley, the company's CEO and co-founder, sold $119 million worth of stock starting in November 2020,

His sale, over 12 months before hitting a 12 month low while at an all time high, isn't really suspicious.

Most of his sales were for $110 a share or higher. The sales were part of a prearranged 10b5-1 plan to "sell a limited amount of the company's shares for personal financial management purposes,"

This is the normal process and public information, it really isn't insider trading.


Also this...

Although the plan called for selling up to 2.4 million shares through October 2022, Foley notified the board that he had terminated the selling plan on Aug. 30, 2021, after selling a total of 1 million shares.

If this were "insider trading" why would he terminate the liquidation of the shares 5 months before shiat hitting the fan?
 
2022-01-19 3:00:54 PM  

Muta: Muta: FTA: John Foley, the company's CEO and co-founder, sold $119 million worth of stock starting in November 2020,

His sale, over 12 months before hitting a 12 month low while at an all time high, isn't really suspicious.

Most of his sales were for $110 a share or higher. The sales were part of a prearranged 10b5-1 plan to "sell a limited amount of the company's shares for personal financial management purposes,"

This is the normal process and public information, it really isn't insider trading.

Also this...

Although the plan called for selling up to 2.4 million shares through October 2022, Foley notified the board that he had terminated the selling plan on Aug. 30, 2021, after selling a total of 1 million shares.

If this were "insider trading" why would he terminate the liquidation of the shares 5 months before shiat hitting the fan?


And the moment he realized things were not going well.  Yeah, this is nothing to get upset about.  He actually acted honorably, for a miracle.
 
2022-01-19 3:05:05 PM  

Muta: Muta: FTA: John Foley, the company's CEO and co-founder, sold $119 million worth of stock starting in November 2020,

His sale, over 12 months before hitting a 12 month low while at an all time high, isn't really suspicious.

Most of his sales were for $110 a share or higher. The sales were part of a prearranged 10b5-1 plan to "sell a limited amount of the company's shares for personal financial management purposes,"

This is the normal process and public information, it really isn't insider trading.

Also this...

Although the plan called for selling up to 2.4 million shares through October 2022, Foley notified the board that he had terminated the selling plan on Aug. 30, 2021, after selling a total of 1 million shares.

If this were "insider trading" why would he terminate the liquidation of the shares 5 months before shiat hitting the fan?



What if he was selling the shares to himself to go short?
 
2022-01-19 3:12:48 PM  
About when that Mayhem Guy rode his through his patio sliding glass door...

external-content.duckduckgo.comView Full Size
 
2022-01-19 3:19:07 PM  
Well, if you bought the stock over $100, you deserve to lose money... BUT... who really knows that sh*t. People who work all day and don't look at this stuff have no idea... they buy stocks that are popular and hope that they make money...

In a perfect world all the shareholders with less than $10k invested would be allowed to take their losses out on the executives with a whip/chain...
 
2022-01-19 3:34:46 PM  
Won't it be some comfort to know that the executives of the company they invested in are smarter than they are?
 
2022-01-19 3:39:07 PM  
The game is rigged you say?

Who could have known?
 
2022-01-19 3:54:43 PM  
There should be laws against owning stocks.  You can't just like, *own* a stock, man.
 
2022-01-19 4:40:52 PM  
OTOH, a lesson I learned long ago, one can watch when company insiders begin to sell stock.  If multiple executives are selling at a certain price, in large amounts, chances are that a lot of shiat is prepared to hit the fan.  Nothing that has to be legally disclosed, but, sure, they're just selling because they enjoy seeing a sale.
 
2022-01-19 4:43:02 PM  

NewportBarGuy: Well, if you bought the stock over $100, you deserve to lose money... BUT... who really knows that sh*t. People who work all day and don't look at this stuff have no idea... they buy stocks that are popular and hope that they make money...

In a perfect world all the shareholders with less than $10k invested would be allowed to take their losses out on the executives with a whip/chain...


Stop losses are not some hidden, secret squirrel level thing.  Buy a stock. Determine a price you are willing to let it sink before you cut your losses. Plug that number in.

If folks can't figure that out, they deserve to lose every cent they have.  They are unsophisticated, uneducated speculators.  They are no better than the dude at the convenience store cashing in his check and spending it on scratch offs.
 
2022-01-19 4:52:43 PM  

Flying Vermin: NewportBarGuy: Well, if you bought the stock over $100, you deserve to lose money... BUT... who really knows that sh*t. People who work all day and don't look at this stuff have no idea... they buy stocks that are popular and hope that they make money...

In a perfect world all the shareholders with less than $10k invested would be allowed to take their losses out on the executives with a whip/chain...

Stop losses are not some hidden, secret squirrel level thing.  Buy a stock. Determine a price you are willing to let it sink before you cut your losses. Plug that number in.

If folks can't figure that out, they deserve to lose every cent they have.  They are unsophisticated, uneducated speculators.  They are no better than the dude at the convenience store cashing in his check and spending it on scratch offs.


Look, I get that, I just feel bad for them. They make it so easy these days with apps and stuff to just throw your money on whatever and then they watch it all disappear. I'm talking about the unsophisticated types. The ones with 2-10K they are really trying to make money on for their kids or for the house... They don't know... If someone explained to them about compound interest and index funds they would probably drop dead from boredom.

It's a lack of financial literacy in this country that is really painful to watch. Should be mandatory in school, but i think we've been saying that for 40-50 years now.

Oh well. Whatcha gonna do?
 
2022-01-19 5:04:15 PM  

Muta: FTA: John Foley, the company's CEO and co-founder, sold $119 million worth of stock starting in November 2020,

His sale, over 12 months before hitting a 12 month low while at an all time high, isn't really suspicious.

Most of his sales were for $110 a share or higher. The sales were part of a prearranged 10b5-1 plan to "sell a limited amount of the company's shares for personal financial management purposes,"

This is the normal process and public information, it really isn't insider trading.


It isn't ILLEGAL insider trading. That being said, when people's compensation is 10% cash, 90% stock, they are going to be insider sales anytime you look.
 
2022-01-19 5:08:25 PM  
I'm still up ten bucks on the thousand shares I have left. Sold most of it at 120, purely dumb luck though not skill. I just wanted to move some money into a different stock and chose the Peloton stock because it was close to the right amount I would need. Also the stock didn't seem to be doing anything at the time, up or down.
 
2022-01-19 5:14:24 PM  
My advice to everyone who receives stock compensation is to sell at least half of your RSUs or options as soon as they vest and to sell 100% of your ESPP the instant it hits your account.  Don't look at the price, just pull the trigger.

Executives and other designated insiders have to follow different rules but they should still file a 10b5-1 to do the same thing to the extent possible.  It's part of your compensation, definitely don't risk it all.
 
2022-01-19 5:24:22 PM  
The pitchforks and arguments for investor protection above are really the tip of a very large iceberg. Whether a claim against investors who are insiders is valid or even plausible, people who were ignorant buying in are going to ASSUME that everyone knows more about what is going on, and they will be right.

Who cares? Why does it matter? Well, there are lawsuits, for one. There is also American politics 2020, where, when someone's ox gets gored, they will want to be made whole, and will go to the government for bailouts.

Everyone is going to pay for the bonfire, people. Your grandkids' taxes will go to bail out banks investing in bitcoin, and to bail out the dudebros using RobinHood to buy fractional shares of GameStop.

I didn't know I could get brain damage by not wearing a helmet! I didn't know I could get COVID19 by not wearing a mask! I didn't know I could lose money investing in stocks/NFTs/bitcoin and flipping EVs.

If Peloton's paperwork is in order, then good for them. But we can all see that the knives are sharp and the pitchforks are ready to go, can't we?
 
2022-01-19 5:28:31 PM  
I love my peleton......BUT.....

There are obviously some challenges here. Its actually a REALLY well made home cycle. Like, will last you pretty much forever, and there is only so much you could change on it to offer a new model and hope some of your customers will spring for it. Plus, then they have a perfectly fine old one that they will sell, and take a sale away from you.

The treadmill is nice, but its a smaller market. First off you need the space for it, and even as someone who likes to run and could probably find the space, i like to run, like, outside. If the weather sucks, well fark it, i'm not running that day, or i'll go to the gym. The beauty of the peleton is you can just do a quick 20 minute workout with something taking up a corner of your room.

The big thing is the content, but you can only jack the price on that so far, because, again, i have a perfectly good cycle with or without it.

In other words, great product, but the price had no business being where it was.
 
2022-01-19 6:03:05 PM  

Rapmaster2000: There should be laws against owning stocks.  You can't just like, *own* a stock, man.


Fark user imageView Full Size
 
2022-01-19 6:26:36 PM  
"It's a racket. Those stock market guys are crooked."

- Al Capone
 
2022-01-19 7:03:10 PM  
Meh. I took a bath on Peloton and Moderna stock, but other stocks are doing nicely.   I took a risk buying late, and I suffered for it. You win some, you lose some.
 
2022-01-19 8:11:27 PM  

Muta: FTA: John Foley, the company's CEO and co-founder, sold $119 million worth of stock starting in November 2020,

His sale, over 12 months before hitting a 12 month low while at an all time high, isn't really suspicious.

Most of his sales were for $110 a share or higher. The sales were part of a prearranged 10b5-1 plan to "sell a limited amount of the company's shares for personal financial management purposes,"

This is the normal process and public information, it really isn't insider trading.


All the Fark Capitalists are like, "This isn't a story,
Fark user imageView Full Size


And the Fark Occupy Crowd be all like:
Fark user imageView Full Size


/Peace Out
//One Love
///"Allllright, I love you too"
 
2022-01-20 5:50:50 AM  
People need to lose a lot of money so I can make a little money.  I'm OK with that.
 
2022-01-20 9:40:45 AM  
If you didn't sell when it went past $100 when they sell something you can get at a bike store cheaper and more useful

"Ya dumb"
 
Displayed 23 of 23 comments

View Voting Results: Smartest and Funniest

This thread is closed to new comments.

Continue Farking




On Twitter


  1. Links are submitted by members of the Fark community.

  2. When community members submit a link, they also write a custom headline for the story.

  3. Other Farkers comment on the links. This is the number of comments. Click here to read them.

  4. Click here to submit a link.