Why Xponential Fitness Stock Skyrocketed Today [Yahoo! Finance]
Xponential Fitness, Inc. Class A (XPOF)
Company Research
Source: Yahoo! Finance
Normally, a new CEO wouldn't move a stock this much, but this is a special situation, and investors liked the company's choice. As of 3 p.m. ET Monday, Xponential Fitness stock was up a whopping 36%. The right man for the job? Xponential Fitness allegedly misled franchisees regarding the financials of its fitness brands, and its founder and former CEO Anthony Geisler allegedly made threatening statements. Both matters are under investigation by the Securities and Exchange Commission (SEC). Geisler was suspended indefinitely in May and resigned a week later, leaving a CEO vacancy. Today, Xponential Fitness announced Mark King as its new CEO. King was CEO of Taco Bell (of Yum! Brands ) from 2019 until he retired on Jan. 1. There are more than 8,500 Taco Bell locations worldwide, 94% of which are franchised. Without a doubt, King is more than qualified to lead a franchise business such as Xponential Fitness. King's experience is why investors are celebrating this hire today. Wh
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News
- Xponential Fitness and the American Cancer Society Join Forces to Support Breast Cancer Awareness This October [Yahoo! Finance]Yahoo! Finance
- Xponential Fitness and the American Cancer Society Join Forces to Support Breast Cancer Awareness This OctoberBusiness Wire
- Pure Barre Announces Expansion into Mexico [Yahoo! Finance]Yahoo! Finance
- Is Xponential Fitness, Inc. (NYSE:XPOF) Potentially Undervalued? [Yahoo! Finance]Yahoo! Finance
- Pure Barre Announces Expansion into MexicoBusiness Wire
XPOF
Earnings
- 8/1/24 - Miss
XPOF
Sec Filings
- 9/16/24 - Form 4
- 9/13/24 - Form 144
- 9/10/24 - Form 8-K
- XPOF's page on the SEC website