Why Peloton Stock Is Defying the Downturn and Up Nearly 13%

Stock markets are down today, with the S&P 500 off more than 2% in afternoon trading. One stock, however, is doing a fine job of dodging today's downturn.

As of 1:15 p.m. EDT, shares of Peloton Interactive (NASDAQ: PTON) are up 12.7%.

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Source Fool.com