Stocks on the move after hours: Peloton, Oracle, Rent the Runway and more

Peloton (PTON): The company announced co-founders John Foley and Hisao Kushi are leaving the company as part of a wider executive shakeup, sending shares lower in after-hours trading. Former CEO John Foley stepped down as executive chairman of the board while Hisao Kushi resigned as Chief Legal Officer, effective Monday. In a note to employees, CEO and President Barry McCarthy thanked Foley and Kushi, writing “There wouldn’t be a Peloton without John Foley or Hisao Kushi… Through their hard work, they have given the world the connected fitness industry and created a platform that empowers each of us to be the best version of ourselves.” Peloton, once a pandemic winner, is near all-time lows, with shares down -69% year to date.

Oracle (ORCL): Shares fell after the company’s fiscal first-quarter profit fell short of Wall Street’s estimates. Oracle posted adjusted earnings of $1.03 per share on revenue of $11.45 billion, driven by Oracle’s growing applications and…

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This article was written by and originally published on finance.yahoo.com