Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Henry Khederian

Here's Why Peloton Shares Are Rising

Bernstein (Organization) Nasdaq Peloton Interactive

Peloton Interactive Inc (NASDAQ:PTON) shares are trading higher by 9.75% at $22.17 after Bernstein initiated coverage on the stock with an Outperform rating and a $40 price target.

The stock may also be seeing some upward movement amid overall market strength following US PPI data. USA PPI month-over-month for Feb was 0.800% vs the 0.900% consensus estimate, which helped ease some inflation concerns. US equities have been volatile this week as investors await Wednesday's Fed decision. 

Poloton has a 52-week low of $20.11 and a 52-week high of $129.70. 

See Also: Costco And This Cybersecurity Stock Will Be Featured On 'Mad Money' Tonight

Peloton Interactive operates an interactive fitness platform.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Ozzy Osbourne hides marijuana habit from wife Sharon
Ozzy Osbourne still smokes marijuana but tries to keep his habit hidden from wife Sharon.
BANG Premier
BANG Premier
I just discovered Netflix canceled the most realistic zombie show I’ve ever seen – here’s why Black Summer is still worth streaming
It's far from a summer vacation
TechRadar
TechRadar
Some vapes claiming to be cannabis contain ‘synthetic cannabinoid’ – study
University of Bath researchers found seven vaporizers sourced from the US contained dangerous SC compound
The Guardian - US
The Guardian - US
‘This guy was shady’: Zeppo Marx’s underworld links revealed in new book
The youngest Marx brother mingled as easily with mobsters as with movie stars and was on a mission to make money
The Guardian - UK
The Guardian - UK
Smokers have a higher level of harmful bacteria in the mouth – new study
A recent report by the World Health Organization (WHO) estimated that 8 million people die annually from smoking related complications. Despite efforts by governments and various organisations to create awareness about the dangers, around 1.3 billion people still use some form of tobacco and 80% of them live in low…
The Conversation
The Conversation
Don't fall for fake dentists offering veneers and other dental work on social media
Dentists say unlicensed practitioners offering cheap dental veneers are putting patients at risk
The Independent UK
The Independent UK
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.
Download on the AppStore Get it on Google Play