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Why Peloton Stock Jumped Today

TheMotleyFool

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Shares of Peloton Interactive (NASDAQ: PTON) climbed on Thursday after the fitness equipment maker launched a private label clothing brand.

As of 2:50 p.m. EDT, Peloton's stock price was up more than 8%.

Peloton Apparel will offer an array of women's, men's, and gender-neutral clothing priced from $15 to $118. It will feature performance-tested fabrics that are designed to help people move comfortably both during their workout classes and thereafter. Some styles will also include moisture-wicking and quick-dry functionality.

Source Fool.com

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