Reason For Peloton Stock Rise
Peloton Interactive (PTON) shares soared 22% in premarket trading on Thursday after the fitness equipment company reported better-than-expected first-quarter earnings and introduced Peter Stern, a senior executive from Ford, as its next CEO and president. Who Drives the Nasdaq Futures Down? Financial Results Beat Analyst Expectations Peloton’s first-quarter report showcased a net loss of just…