Connect with us

Fitness

Parent of CycleBar, Pure Barre fitness studios sees shares whipsaw after CEO ousted, federal probe disclosed

Published

on

Xponential Fitness CEO Anthony Geisler at the New York Stock Exchange.

Source: NYSE

Shares of Xponential Fitness, the parent company of CycleBar and Pure Barre fitness studios, bounced around in trading Monday after the company announced late Friday that CEO Anthony Geisler would be suspended indefinitely and would become an inactive member of the board.

The company’s shares were initially down about 10% Monday morning, but rebounded and ended the trading session 11% higher. The company has a market capitalization of just under $500 million.

Continue Reading