NEW YORK – Peloton Interactive Inc . (NASDAQ:PTON) 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 NASDAQ Composite Index and the Dow Jones Industrial Average 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:AAPL) closed at $188.01, while Nike Inc. (NYSE:NYSE:NKE) and lululemon athletica inc. (NASDAQ:LULU) 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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