Peloton Shares Jump 36% In Biggest Daily Gain Ever—But Still Below 2021 Peak
PTONPeloton(PTON) Forbes·2024-08-23 02:44

ToplineShares of Peloton swelled by more than 36% on Thursday, pacing the exercise machine company’s largest single-day percentage gain since going public in 2019, after the company reported year-over-year revenue growth for the first time in two years—though Peloton’s market cap is still well below an all-time high reached during the pandemic.The company reported its first year-over-year revenue and quarterly sales growth in years.Getty Images Key FactsPeloton’s shares increased to over $4.50 as of around ...