Why Peloton Stock Surged to Its Highest Price Since May Today
Shares of connected-fitness company Peloton Interactive (NASDAQ: PTON) surged on Wednesday after the company announced financial results for the second quarter of fiscal 2023. As of 11 a.m. ET, Peloton stock was up 18%. Peloton CEO Barry McCarthy struck an optimistic tone, saying, "If you've been wondering whether or not Peloton can make an epic comeback, this quarter's results show the changes we're making are working."