Why Peloton Interactive Stock Soared 48% in November
Shares of Peloton Interactive (NASDAQ: PTON) surged 47.6% in value last month, according to data provided by S&P Global Market Intelligence.
The company that wants you to sweat under your own roof announced better-than-expected earnings last month, which sent the shares soaring. Earnings were worse than expected, but revenue topped estimates. Management is investing for growth, so investors were willing to give the company a pass on profitability, sending the stock price surging following the earnings news.
The Peloton bike. Image source: Peloton Interactive.
Source Fool.com
