Shares of Peloton Interactive (NASDAQ: PTON) soared over 50% this week, according to data from S&P Global Market Intelligence. The at-home fitness company stabilized its revenue growth and improved cash flow, but is still losing subscribers each quarter.

After the pandemic, Peloton's business collapsed, leading the stock to fall more than 98%. Even after this week's pop, the stock is still off 97% from all-time highs, meaning anyone who invested $100 at the top only has $3 today.

Here's why Peloton Interactive stock rocketed higher this week.

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Source Fool.com