'Wait Until The Interview To Make A Decision': Peloton CEO Will Be On Cramer's 'Mad Money' Tonight

Peloton Interactive Inc PTON is looking to turn things around after seeing its stock fall more than 75% over the last year.

The connected fitness company cut back production of some of its products as a result of waning consumer demand, trimmed 20% of its workforce and hired Barry McCarthy, who formerly held senior leadership positions at Netflix Inc NFLX and Spotify Technology SA SPOT, as the company's new CEO.

McCarthy will be featured on "Mad Money" Wednesday night in what will be his first interview since taking over at Peloton.

"McCarthy is a brilliant exec," Jim Cramer said Wednesday on CNBC. "Those who are selling Peloton right now, maybe they should wait until the interview to make a decision."

See Also: New Peloton Lanebreak Similar To Video Game: Is It More Than Meets The Eye?

Goldman Sachs Group GS CEO David Soloman will also be interviewed by Cramer. "Mad Money" is set to air Wednesday at 6 p.m. ET.

PTON Price Action: Peloton has traded as low as $22.81 and as high as $138.61 over a 52-week period.

The stock was down 2.15% at $27.94 at time of publication.

Photo: courtesy of Peloton.