Why Peloton Stock Was Spinning to an All-Time High Today

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Shares of Peloton Interactive (NASDAQ: PTON) were climbing today after the connected-fitness champion said it would acquire exercise equipment maker Precor for $420 million in an all-cash deal.

Wall Street cheered the move and Peloton shares were up 13.5% as of 11:25 a.m. EST, hitting an all-time high earlier in the morning.

Image source: Peloton Interactive.

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