What's Going On With Peloton Stock Popping Off Tuesday?

Peloton Interactive Inc PTON shares are trading higher by 8.3% to $5.09 Tuesday morning amid overall market strength. The company on Tuesday also announced it has launched its Peloton Row indoor rowing machine in Canada, following a survey showing that 52% of Canadians are interested in using indoor rowers for exercise.

Peloton says the device offers a versatile workout experience and includes various content and classes for all levels, from beginners to advanced rowers.

The machine will be made available at an introductory price of $3,370 CAD, which includes delivery and setup, until January 9, 2024.

Peloton's first-quarter earnings are set to be officially released on Thursday, November 2nd, ahead of the market's opening.

See Also: Peloton In For A Rough Ride With Increased Churn and Revenue Risks, Analyst Forecasts

According to data from Benzinga Pro, Peloton has a 52-week high of $17.83 and a 52-week low of $4.30.