Peloton Keeps Benefiting as COVID-19 Keeps People Working Out From Home
Peloton Interactive (NASDAQ: PTON) stock has had a winning 2020 so far as the company gained customers while a large segment of the populace was forced to stay home due to COVID-19. There had been a start of a re-opening this summer across the U.S., but now a resurgence of coronavirus outbreaks is creating the need for a second wave of closures as some states pause or reverse their reopening efforts. This development, in addition to Peloton's new business deal with streaming media provider Roku (NASDAQ: ROKU), have provided an additional boost for Peloton shares.
If you are considering buying some of this consumer discretionary stock for a company known for its pricey exercise bikes and treadmills, as well as its digital fitness programs, it would definitely help to know more about how Peloton management is operating in the time of COVID-19.
Image source: Peloton.
Source Fool.com
