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Why Peloton Skyrocketed This Week

TheMotleyFool

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It may have been a tumultuous week for Peloton Interactive (NASDAQ: PTON) the company as its CEO resigned and it announced 2,800 layoffs; but it was a banner week for Peloton the stock as shares of the connected fitness specialist were up 51% as of Thursday's close, according to data from S&P Global Market Intelligence.

A number of different items drove the stock's surge.

Image source: Peloton.

Source Fool.com

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