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.

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Source Fool.com