Peloton Interactive (NASDAQ:PTON)
Peloton stock had a momentary price increase when Amazon announced that its stationary exercise bike was the best-selling item in their early access Prime sales.
Peloton Interactive (NASDAQ:PTON) said that it had “kicked off holiday festivities by assisting tens of millions of Prime members in saving money during the Prime Early Access Sale, earlier than before.” “We kicked off holiday celebrations earlier than ever.” The Macbook Air M1, the Peloton Bike, the Bose earbuds and headphones, the Casper pillows and toppers, and the Shark hair dryers, vacuums, and air purifiers were among the most popular goods on the list of the Top 100 Deals.
During the early event, a total of one hundred million things were ordered from various selling partners of Amazon.
Shortly after the news was published, Peloton stock jumped to an all-time high of $9.01 during the same trading day. During the afternoon session on Thursday, the stock continued its downward trend established earlier in the day. Peloton stock price dropped as low as $7.83 immediately after the market opened and rebounded during the day’s trading.
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The rising indication of robust sales on Amazon drives up the price of Peloton stock.
Featured Image – Megapixl © Wolterk
Author Shariq Khan 
