Peloton Stock Soared Today -- Is It a Buy?
Shares of Peloton Interactive (NASDAQ: PTON) closed up 25% today after the company announced a new turnaround strategy this morning and released its second-quarter earnings report early.
Investors were initially unsure about the news as the stock was down in pre-market trading before rallying shortly after the market opened. Though the connected fitness stock is still down about 80% from its peak last year, it's up nearly 70% from its low just two weeks ago with the help of buyout rumors yesterday.
Image source: Peloton.
Source Fool.com
