Why Peloton Stock Jumped Today
Shares of Peloton Interactive (NASDAQ: PTON) rose on Thursday, as investors bid up stay-at-home stocks. As of 3:28 p.m. EST, Peloton's stock price was up 5.8%.
Great news from Moderna and Pfizer on the coronavirus vaccine front has investors eagerly looking forward to a return to normalcy. But the pandemic is unlikely to end until well into 2021 at the earliest, due in part to the time it will take to vaccinate hundreds of millions of Americans and billions of people around the world.
In the meantime, COVID-19 case counts are soaring. Worse still, the U.S. reported more than 3,000 coronavirus-related deaths on Wednesday alone.
Source Fool.com
