Why Is Everyone Talking About Peloton Stock?
It's not often that you witness a brand new trend emerge in the way people live their lives, but the pandemic has certainly brought about many such changes in a short period. Widespread lockdowns and the shift to telecommuting have resulted in a sea change in the way people work, interact, and even exercise. Peloton (NASDAQ: PTON) has latched onto these new trends to offer investors a compelling proposition: Stay safe from the pandemic and work out in the comfort of your own home.
The exercise bike and treadmill company has seen a surge in demand for home fitness equipment since the crisis broke out early last year. Not only are more people buying exercise equipment for home use, but these same people are also rushing to sign up for connected fitness subscriptions to work out in tandem with trainers.
Peloton has been a hot topic among investors for the past year, and with expansion plans in place and an acquisition to boot, it's not hard to see why.
Source Fool.com
