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.

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Source Fool.com