© Reuters
NEW YORK – Peloton Interactive Inc . (NASDAQ:) experienced a notable upswing during the latest stock market session, with its shares climbing 8.37% to close at $5.57. This increase is part of a broader market uptrend that also saw the and the make gains.
The fitness equipment and media company’s shares have now risen for two consecutive days, contributing to a positive sentiment among investors. Despite this recent success, Peloton’s closing price remains significantly below its 52-week high of $17.83, set on February 3rd.
Even with this gap, Peloton’s performance was strong compared to some of its major competitors in the tech and apparel sectors. Apple Inc. (NASDAQ:) closed at $188.01, while Nike Inc. (NYSE:NYSE:) and lululemon athletica inc. (NASDAQ:) ended the session at $107.82 and $432.19 respectively.
The trading volume for Peloton’s stock stood out as particularly robust, reaching 16.3 million shares, which eclipsed its 50-day average trading volume of 12.5 million. This heightened activity underscores the market’s current interest in the company amidst the overall positive trends observed in the stock market on Wednesday.
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