- June 29, 2021
- Posted by: Stratford Team
- Category: Business
FOX Business’ Charlie Gasparino discusses Tesla CEO Elon Musk announcement on Starlink.
Beachbody Company Inc. swung between gains and losses Monday after going public through a special purpose acquisition company, or SPAC.
Shares of the Beverly Hills, California-based in-home fitness and weight loss solutions provider opened for trading at $13.15 apiece after the merger with Forest Road Acquisition Corp. closed at $12 a share on Friday.
The stock, which trades on the New York Stock Exchange under the ticker BODY, has fluctuated in a range between $11.74 and $13.50. The company has a market capitalization of about $480 million, according to Refinitiv.
Ticker Security Last Change Change %BODY n.a. n.a. n.a. n.a.
Beachbody went public via a three-way business combination with Peloton competitor Myx Fitness Holdings and Forest Acquisition Corp., a SPAC backed by NBA hall of Famer Shaquille O’Neal.
“With this transaction, we will deploy capital to…
