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Beachbody Company Inc (NYSE:BODY) shares are trading higher by 11.59% to $0.62 Tuesday afternoon after the company reiterated its fourth-quarter outlook.
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"We are pleased with the cost transformation progress that we have achieved thus far, putting a strong management team in place and delivering positive returns on marketing spend. Our market presence remains strong and we continue to generate demand through compelling content," said Carl Daikeler, Beachbody's Co-Founder, Chairman, and Chief Executive Officer.
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"We are extremely confident in the future of the business. Between our reinforced liquidity position and our cost reductions, we are on track to achieve our expected results," Daikeler stated.
According to data from Benzinga Pro, Beachbody Company has a 52-week high of $2.47 and a 52-week low of $0.50.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.