Peloton Stock Surges As Treadmills Go Back On Sale. Will Gains Continue?

Other than the latest constructive growth on the treadmill entrance, Peloton and different “at-home” health gamers stand to profit from the latest surge in Covid-19 instances. The seven-day common case fee has risen from 22,000 in early July to a fee of over 150,000 instances presently. This might delay the re-opening of workplaces and hold folks at dwelling for a number of extra quarters, bolstering demand for health merchandise. Peloton may additionally be in a greater place to cater to demand now, contemplating that it has taken many steps to deal with its provide chain bottlenecks.

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