Peloton Interactive Stock Gets Modest Bump From Nasdaq 100 Inclusion
Shares of connected-fitness company Peloton Interactive (NASDAQ: PTON) were up modestly on Monday, likely because it's been selected to be a part of the Nasdaq 100 Index. As of noon EST, the stock was up almost 5%.
The Nasdaq 100 is a group of companies selected for their large size and for their robust growth. Some of the most recognizable names on the stock market are present, including Apple, Amazon, and Starbucks. Investors love perusing the index's list of companies to generate investing ideas, since the index has beaten the returns of the S&P 500 Index in 10 of the past 12 years.
Image source: Peloton Interactive.
Source Fool.com
