Following a wild swing over the last two days, shares of Peloton Interactive (NASDAQ: PTON) were climbing this afternoon after the company announced a new partnership with Beyonce.
After Peloton stock plunged 25% yesterday when Pfizer announced it had an effective coronavirus vaccine, the news helped restore investor faith in the connected fitness stock, which was trading up 5.8% as of 12:58 p.m. EST.
Image source: Peloton Interactive.
Source Fool.com