Peloton Stock Pops as New CFO Steps In Before a Key Index Move
Peloton Interactive shares rose on Tuesday after the connected-fitness company named Siddharth “Sid” Thacker as chief financial officer, handing a former Rent the Runway finance chief a central role in its push for steadier profit and cash flow. The stock closed at $5.77, up 1.05%, with trading volume of about 85.6 million shares, well above normal levels, after U.S. markets reopened from Monday’s Memorial Day holiday. The Nasdaq Composite gained 1.19%, while the S&P 500 rose 0.62%.