Why Nautilus Stock Soared Today
Shares of home fitness equipment maker Nautilus (NYSE: NLS) jumped 8.5% on Wednesday, as it introduced a new home gym system.
It's not apparent the new home fitness equipment was the catalyst for the jump in the stock's price, since Nautilus shares have been on a tear since the pandemic began, rocketing nearly 600% higher. But a check of the company's Bowflex website showed the new system was already sold out.
Image source: Nautilus.
Source Fool.com