Why Peloton Stock Powered 5% Higher Today
Shares of exercise bike and treadmill manufacturer Peloton Interactive (NASDAQ: PTON) were up 4.8% through noon EDT on Tuesday. The company is due to report fourth-quarter 2021 earnings after close of trading on Thursday, Aug. 26. But that's not the exact reason the stock is rising.
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Earlier this morning, Peloton answered one of investors' major questions: It confirmed that it will begin selling a redesigned $2,495 treadmill on Aug. 30.
Source Fool.com
