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Peloton Interactive Stock Jumps 25% On Takeover Reports

Shares of Peloton Interactive, Inc. (PTON) jumped over 25% on Monday morning on reports that tech giant Amazon.com Inc. (AMZN) is among a number of suitors interested in acquiring the treadmill maker.

PTON is currently trading at $31.13, up $6.53 or 26.54%, on the Nasdaq. Peloton's stock had closed Friday's trading at $24.60, nearly 85% off from their 52-week high of $155.52.

Wall Street Journal reported that several suitors including Amazon are interested in acquiring Peloton Interactive. Amazon has been speaking to advisers about a potential deal, the report says.

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