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