shares of peloton interactive inc pton shot up 91 toward a twomonth high in afternoon trading friday after the athome fitness company announced price increases for its bike and tread products separately barrons reported that peloton was cutting nearly 800 jobs as part of a strategic overhaul the price of the original peloton bike and peloton guide remain unchanged the company said the price for a peloton bike in the us will increase by 500 to 2495 while the price for the peloton treat will rise 800 to 3495 the move comes after the company cut prices in april to make the entry point for new members more accessible inspired by the progress weve made on our transformation journey were adopting a more strategic pricing strategy for our premium products the company said in a statement regarding the job cuts the company said they were a result of its decision to eliminate its north america distribution and logistics network and its customer service team the barrons report said the reported job cuts follows pelotons announcement in february that 2800 jobs would be lost as part of a costcutting plan pelotons stock has plunged 637 year to date while the sp 500 spx has lost 108