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May 12, 2020, 10:23 a.m. EDT

Peloton stock soars after company tops 1 million Connected Fitness subscribers

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By Emily Bary

Peloton Interactive Inc. /zigman2/quotes/208035743/composite PTON +10.35% announced in a Tuesday morning filing that it has surpassed 1 million subscribers for its Connected Fitness digital offerings. Shares of the company, which sells home-exercise bikes and subscriptions to virtual workout classes, are up 6% in Tuesday morning trading and on track to close at a new all-time high. The stock had its best trading day on record last Thursday after Peloton reported a surge in demand for its offerings due to the COVID-19 outbreak, which has forced gyms to close and kept people confined to their homes. Peloton also upped its forecast for the fiscal year. Shares are up 60% over the past three months as the S&P 500 /zigman2/quotes/210599714/realtime SPX +1.60% has declined 13%.

/zigman2/quotes/208035743/composite
US : U.S.: Nasdaq
$ 97.73
+9.17 +10.35%
Volume: 45.87M
Sept. 25, 2020 4:00p
P/E Ratio
N/A
Dividend Yield
N/A
Market Cap
$28.21 billion
Rev. per Employee
N/A
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/zigman2/quotes/210599714/realtime
US : S&P US
3,298.46
+51.87 +1.60%
Volume: 0.00
Sept. 25, 2020 5:06p
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