Why Peloton Stock Jumped 31% in August
Shares of Peloton Interactive (NASDAQ: PTON) were soaring last month after the struggling connected-fitness company posted better-than-expected results in its fiscal fourth-quarter earnings report, showing investors that the business could finally be mounting a turnaround.
According to data from S&P Global Market Intelligence, the stock finished last month up 31%. As you can see in the chart, all those gains came from the earnings report. In fact, the stock was down for the month before those results came out.
Source Fool.com
Peloton Interactive Inc. Aktie
4,17 €
-0,01 %
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