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Here's Why Peloton Interactive Stock Went Up Today

TheMotleyFool

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Here's Why Peloton Interactive Stock Went Up Today

Shares of at-home fitness company Peloton Interactive (NASDAQ: PTON) went up on Friday after the company reported fourth-quarter results for its fiscal 2020. Not only did Q4 results include triple-digit growth, but forward guidance also far exceeded Wall Street's expectations. At 10:30 a.m. EDT, the stock was only trading 4% higher. But it had traded 10% higher earlier in the session.

In the Q4 letter to shareholders management said, "2020 was a transformative year for Peloton." And looking at the stock price, that certainly appears to be the case. Peloton stock is up over 200% year to date.