FILE - Peloton Interactive Inc. stationary bicycles sit on display at the company's showroom on Madison Avenue in New York, U.S., on Wednesday, Dec.
18, 2019. Photographer: Jeenah Moon/Bloomberg via Getty Images NEW YORK - Peloton shares rallied after agreeing to offer its high-end exercise bikes and other gear on Amazon in the U.S.
as part of a turnaround plan to reverse its slump. The news of the Amazon deal sent shares of New York-based Peloton Interactive Inc.
up 20% to $13.48 on Wednesday, which was the biggest one-day jump in more than six months, according to Fortune. They are still down about 88% in the last 12 months, and company officials hope the partnership will help boost sales that have languished since pandemic lockdowns eased.