Why Peloton Interactive Stock Is Higher Today

Shares of Peloton Interactive (NASDAQ: PTON) were higher again on Thursday, continuing a run that began earlier this week on news of an expansion and a favorable review from Wall Street.

As of 2:30 p.m. EST, Peloton's stock was up about 5.1% from Wednesday's closing price.

There was no news of note on Peloton on Thursday. I think growth-stock investors are continuing to buy up shares in the wake of a couple of significant developments over the past week — and after the company's stock price fell more than 40% from its January high amid a sectorwide correction. 

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Source Fool.com