Peloton Stock Exploded Thursday: Here's Why

Peloton (NASDAQ: PTON) stock jumped as much as 34% in trading Thursday after the company reported earnings and named a new CEO. But is the move justified? In this video, Travis Hoium shows why some caution may be needed.

*Stock prices used were end-of-day prices of Oct. 31, 2024. The video was published on Oct. 31, 2024.

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Travis Hoium has positions in Peloton Interactive. The Motley Fool has positions in and recommends Apple and Peloton Interactive. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.