Why Peloton Stock Soared 34% in May
Shares of the interactive fitness company continued their coronavirus pandemic-fueled sprint last month.
Peloton Interactive (NASDAQ:PTON) stock soared 33.9% in May, according to data from S&P Global Market Intelligence. For context, the S&P 500 returned 4.8% last month.
Shares of the connected-fitness specialist have started June off on a strong note, rising 8.8% last week compared with the broader market’s 5% return.
In 2020, shares of Peloton — which held its initial public offering (IPO) in September 2019 — have gained a whopping 61.6% through Friday, June 5. The market is flat over this period… READ MORE @ The Motley Fool
