Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Here's Why Peloton Interactive Stock Went Up Today

TheMotleyFool

0 0

Here's Why Peloton Interactive Stock Went Up Today

Shares of at-home fitness company Peloton Interactive (NASDAQ: PTON) went up on Friday after the company reported fourth-quarter results for its fiscal 2020. Not only did Q4 results include triple-digit growth, but forward guidance also far exceeded Wall Street's expectations. At 10:30 a.m. EDT, the stock was only trading 4% higher. But it had traded 10% higher earlier in the session.

In the Q4 letter to shareholders management said, "2020 was a transformative year for Peloton." And looking at the stock price, that certainly appears to be the case. Peloton stock is up over 200% year to date.