Peloton stock pops after reporting largest class ever as coronavirus restrictions keep gyms closed

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Peloton stock pops after reporting largest class ever as coronavirus restrictions keep gyms closed
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Peloton said earlier this week it will announce fiscal third-quarter earnings on May 6.

Shares of Peloton jumped Friday after the company said it held its largest class ever earlier this week, with more than 23,000 people streaming it from home.

The company's stock is up more than 16% since Jan. 1 as the coronavirus pandemic keeps gyms around the country shuttered and consumers look for opportunities to get an exercise in at home. Peloton sells exercise equipment, including cycles and treadmills for home use, as well as subscriptions to stream live classes.

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