Peloton Stock Surges on Much-Needed Bull Note

Fitness stock Peloton Interactive Inc (NASDAQ:PTON) is surging today, up 10.2% at $6.69 at last glance, following an upgrade from Canaccord Genuity to "buy" from "hold" with a$10 price target. The firm cited the company's return to profitability as it "regains its footing." Today's pop has Peloton stock headed for its best daily percentage gain since mid-February. The shares lost 27% over the last month, hitting five-month lows at the start of this week. However, the 320-day moving average moved in to catc ...