Why Peloton Interactive Inc. (PTON) Skyrocketed Yesterday
Friday, Dec 27, 2024 8:58 am ET
1min read Peloton Interactive Inc. (PTON) shares surged by 35% yesterday, marking its biggest one-day gain since its IPO in 2019. The fitness equipment and services company's stock price jumped to its highest level since May 2022, reaching $10.39 per share. This significant increase can be attributed to several factors, including improved financial performance, positive cash flow, and the appointment of a new CEO.
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