Why Peloton Interactive Stock Just Popped

Shares of Peloton Interactive (NASDAQ: PTON) stock jumped 4.5% through 10 a.m. EDT Tuesday.

The company that became famous for selling stationary exercise bicycles and treadmills during the pandemic, so people could exercise at home, has announced a new initiative for corporate customers. Dubbed "Peloton Corporate Wellness," the new program promises "to bring Peloton content or connected fitness products to businesses and organizations operating in the United States, United Kingdom, Canada, and Germany," with the program expanding to Australia "later this year."  

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Source Fool.com