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Peloton


Philip Miller
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Hi Philip, thanks for the question. Indeed, the Peloton stock price made an incredible move yesterday, moving higher around 16% on the day. This move came after the company reported an increase in revenue of 66% on a greater demand for the in-house fitness equipment amid the COVID-19 outbreak and national lockdowns.

Following the release of quarterly earnings, investors rushed to buy Peloton stock given that the company’s management raised its full-year sales guidance, which is a stock-supportive development. 


 

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