Please ensure Javascript is enabled for purposes of website accessibility

Peloton Interactive’s Stock Jumps After a Record-Breaking 23,000 Live Workouts Wednesday

By Rhian Hunt – Updated Apr 24, 2020 at 7:38PM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Attendance beats Peloton’s previous live workout high by 21%.

Following an exceptionally high volume of people tuning in to this week's live workout class online, Peloton Interactive's (PTON 4.00%) stock is up more than 5% in end of the week trading today. The company is powering ahead as people look for a way to stay trim, fit, and healthy while the COVID-19 pandemic keeps brick-and-mortar gyms shuttered and lockdown orders remain in place across the nation.

Working to provide viable solutions for those seeking to stretch their muscles, Peloton launched its brand-new Live From Home cycling class at 10 a.m. EDT Wednesday, April 22. The debut class, which featured head instructor Robin Arzón, drew a turnout of more than 23,000 people, according to a company spokesperson.

A woman working out with Peloton's classes.

Image source: Peloton Interactive.

Peloton counted those users who participated in the live class for at least 10 minutes or longer in the 23,000. The company says this makes "it the largest live workout count of any class ever, beating the previous record of 19,000 riders." On that occasion, Arzón also presided, leading the 2019 Turkey Burn cycling event held twice on Thanksgiving.

The fitness company is avoiding coronavirus risks by streaming classes from instructors' homes rather than the live studio streaming it used before the outbreak. Last week, Peloton's stocks made significant gains following a buy rating from Roth Capital analysts. Its online workout subscription service had already been winning it major market gains before COVID-19 arrived on the scene, providing subscribers the ability to compete against other fitness-seekers, along with other benefits.

Rhian Hunt has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Peloton Interactive. The Motley Fool has a disclosure policy.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Peloton Interactive, Inc. Stock Quote
Peloton Interactive, Inc.
$8.83 (4.00%) $0.34

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 10/06/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.