FXLV is making big moves today - some recent info about the stock as it trades 14% higher

Shares of F45 Training Holdings Inc (FXLV) are trading 14% higher at a price of $2.45 at the time of this writing. The stock is flying past peers on a mildly glum day for the Consumer Discretionary sector.

Some ideas:
-The firm provides fitness workout programs, content and equipment to fitness studios worldwide, but with a global economic slowdown on the horizon, does the business make sense it's current configuration? Today - investors seem to think so.

-FXLV recently announced a global workforce reduction of around 110 employees, with a target reduction of SG&A expenses by around $23 million on an annualized basis

F45 Training Holdings Inc has been trading between a 52-week high of $16.44 and a 52-week low of $0.7857. The stock has a market cap of $236 Million.

F45 offers consumers functional 45-minute workouts that are effective, fun and community-driven. F45 utilizes proprietary technologies: a fitness programming algorithm and a patented technology-enabled delivery platform that leverages a rich content database of over 3,900 unique functional training movements to offer new workouts each day and provide a standardized experience across the Company’s global footprint.