Why Peloton Stock Soared 29% in September
Peloton Interactive (NASDAQ: PTON) stock rocketed 29.4% in September, according to data from S&P Global Market Intelligence. For context, the S&P 500 and Nasdaq indexes fell 3.8% and 5.2%, respectively, last month.
In 2020, shares of the connected fitness specialist, which held its initial public offering (IPO) in September 2019, have gained 376% through Friday, Oct. 2. The broader market has returned 18.2% over this period.
Image source: Peloton Interactive.
Source Fool.com
