Why Peloton Stock Rose Today
Shares of Peloton Interactive (NASDAQ: PTON) climbed 3.2% on Thursday. Fears of getting infected with COVID-19 are driving many people to exercise at home -- and Peloton is meeting the surging demand for quality home-based exercise equipment.
COVID-19 case counts are increasing at an alarming rate across the U.S. and much of the rest of the world. Moreover, the World Health Organization said on Thursday that it could not rule out the possibility that the novel coronavirus spreads via airborne transmission in "indoor crowded spaces."
Peloton's exercise equipment is in high demand. Image source: Peloton.
Source Fool.com
