Why Peloton Stock Was Surging Today

Shares of Peloton Interactive (NASDAQ: PTON) were popping today on multiple reports that showed the connected fitness company gaining interest as a potential acquisition target.

Activist investors have pushed the company to sell itself, and media reports on Friday indicated that both Amazon and Nike were considering making an offer. Some analysts suspected Apple could even get in on a potential bidding war.

As of 2:32 p.m. ET today, Peloton stock was up 19.7% on the news.

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Source Fool.com