Why Peloton Investors Are Smiling Today

Well, it's Friday, and once again, it feels like every stock in the world is getting sold off -- with one exception.

Yesterday, as you recall, shares of exercise bicycle maker Peloton Interactive (NASDAQ: PTON) sold off hard on media reports of a planned production shutdown, ultimately ending the day 24% lower than they began it. After close of trading, however, Peloton had some modestly positive news to report -- an earnings preannouncement -- and today, that news is helping Peloton to evade the continuing stock market meltdown and even bounce back a bit.

As of 10:10 a.m. ET, Peloton stock is up 3.8%.

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Source Fool.com