Finance Peloton stock heads for best day on record after coronavirus drives demand surge Staff Editor May 7, 2020 Share on Facebook Share on Twitter Share via Email Subscribe Now Log in Analyst calls company an ‘unstoppable juggernaut’ Peloton Interactive Inc. is having trouble keeping up with the rush of demand for its exercise bikes amid the COVID-19 epidemic and analysts are optimistic that the company could keep seeing big benefits even after the worst of the crisis is over. The stock PTON, +16.01% is up more than 15% in Thursday trading following the company’s latest earnings report and it’s on pace for its largest single-day percentage gain on record. Peloton saw “a significant increase in demand” for its spin bike in the final weeks of the March quarter, to the point where the company now has an extended backlog because it can’t… READ MORE @ MarketwatchAnalyst calls company an ‘unstoppable juggernaut’ Peloton Interactive Inc. is having trouble keeping up with the rush of demand for... Membership Required You’ve reached your 3-article monthly limit. Subscribe to ATN Pro for unlimited access to industry-leading coverage, insights, and analysis shaping the future of fitness and wellness. ATN Pro members get: Unlimited access to Athletech News articles Exclusive access to ATN Pro-level reporting Discounts to ATN the Innovation Summit VIP access to community events Exclusive email newsletters Subscribe Now Already a member? Log in Already a member? Log in here Tags: Peloton
