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Why Peloton Stock Soared Today

TheMotleyFool

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Shares of Peloton Interactive (NASDAQ: PTON) jumped on Tuesday after the home-based fitness equipment maker said it was expanding into Australia.

By the close of trading, Peloton's stock price was up more than 14%.

Australians will soon have a chance to buy Peloton's popular exercise bikes online and in stores across Sydney, Melbourne, and other major cities in the country. They'll also be able to subscribe to Peloton's fast-growing exercise class app.

Source Fool.com

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