Mobile app version of munafa.biz
Login or Join
 Learn then Earn
stockMarketNEWS

 story : Peloton stock surges more than 40% in November, toward the best monthly gain since before COVID #FinanceUSA #StockMarketNEWS Shares of Peloton Interactive Inc. ran up 8.9% toward a fourth-straight

@stockMarketNEWS Wed 16 Nov, 2022

Posted in: #FinanceUSA #StockMarketNEWS

Peloton stock surges more than 40% in November, toward the best monthly gain since before COVID #FinanceUSA #StockMarketNEWS
Shares of Peloton Interactive Inc. ran up 8.9% toward a fourth-straight gain and a three-month high, to put it on track for the best monthly performance since before the pandemic. The recent rally in the at-home fitness companies stock comes despite the company reporting earlier this month a much wider-than-expected loss and providing a holiday-quarter outlook that was well below forecasts. The stock has rocketed 41.8% so far this month, which would be the biggest gain since the record monthly rally of 47.6% in November 2019. The stock has also soared 70.1% amid a 16-session stretch in which it rose 14 times, and has rallied 71.9% since closing at a record low of .93 on Sept. 30. It was still down 66.7% year to date, while the S&P 500 has shed 15.9%. Meanwhile, rival away-from-home fitness company stocks were also rising, with Planet Fitness Inc. up 16.8% so far in November, in line for the biggest monthly gain since it soared 19.6% in February 2021, and with Life Time Group Holdings Inc. up 22.8% month to date, which would be the biggest monthly gain since it went public in October 2021.


Munafa USA Munafa India Munafa NSE


Report

Login to follow story

More posts by @stockMarketNEWS

Munafa ebook, learn stock market trading

0 Comments

Sorted by latest first Latest Oldest Best

Daily analysis, news, Munafa stocks list in email:

Back to top | Use Dark Theme