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Why Peloton Stock Jumped 31% in August

TheMotleyFool 
0 0 05.09.24
Why Peloton Stock Jumped 31% in August
 

Shares of Peloton Interactive (NASDAQ: PTON) were soaring last month after the struggling connected-fitness company posted better-than-expected results in its fiscal fourth-quarter earnings report, showing investors that the business could finally be mounting a turnaround.

According to data from S&P Global Market Intelligence, the stock finished last month up 31%. As you can see in the chart, all those gains came from the earnings report. In fact, the stock was down for the month before those results came out.

PTON Chart

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Source Fool.com

Peloton Interactive Inc. Stock

€4.67
-0.850%
The price for the Peloton Interactive Inc. stock decreased slightly today. Compared to yesterday there is a change of -€0.040 (-0.850%).
With 10 Buy predictions and not the single Sell prediction the community is currently very high on Peloton Interactive Inc..
With a target price of 9 € there is a hugely positive potential of 92.72% for Peloton Interactive Inc. compared to the current price of 4.67 €.
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