Why Peloton Stock Jumped on Thursday

Shares of connected fitness specialist Peloton Interactive (NASDAQ: PTON) jumped on Thursday, rising as much as 7%. By 10:25 a.m. ET, however, the stock had settled to a gain of about 5.3%.

The growth stock's gain likely reflects a combination of factors, including an analyst's outperform rating on the stock and an upbeat day for tech stocks overall today.

Image source: Peloton Interactive.

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Source Fool.com