Peloton Goes Up 14%

Fitness Peloton went up 14% on Tuesday.
The near record high comes after Peloton announced two new exercise products, along with a price cut to its existing connected bike.
Peloton introduced the new Peloton Bike+, a premium version of its already popular connected bike.
They also announced the Peloton Tread, a budget version of its treadmill that was originally launched in 2018.
Peloton cut the price of its Peloton bike by $350. The original price tag of the bike was $2,245.