Peloton Stock Notches All-Time High
Peloton Interactive (NASDAQ: PTON) on Monday notched its new record for all-time high share price, closing at $94.80 per share, well above its previous record of $91.17 (reached on Sept. 9). This marks the third time the company has shattered the ceiling this month.
Peloton has been an enormously popular stock during the pandemic, not least because it satisfies one important criterion for investors during our current Stay-in-Place Era -- its services are delivered entirely online. Additionally, its business -- like many of us -- is entirely confined to the home, where owners of its stationary exercise bikes work out to classes broadcast directly to subscribers.
Image source: Peloton Interactive.
Source Fool.com
