Why Peloton Stock Jumped 31% in August
Peloton(PTON) The Motley Fool·2024-09-05 21:55
The connected fitness stock showed a hint of turnaround.Shares of Peloton Interactive (PTON -0.11%) were soaring last month after the struggling connected-fitness company posted better-than-expected results in its fiscal fourth-quarter earnings report, showing investors that the business could finally be mounting a turnaround.According to data from S&P Global Market Intelligence, the stock finished last month up 31%. As you can see in the chart, all those gains came from the earnings report. In fact, the st ...