Peloton Pumped Up on Possible Future Offerings

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Peloton Pumped Up on Possible Future Offerings
Credit: © Reuters.

By Christiana Sciaudone --  Peloton (NASDAQ: PTON ) rose more than 8% to a record on Tuesday after announcing the formation of an advisory council to delve into what else it can provide for devoted users.

The interactive fitness platform is creating the Peloton Health and Wellness Advisory Council, which will look at how it can impact the physical, mental and emotional well-being of its community of members from around the world. 

"We constantly hear from our members that Peloton has not only profoundly impacted their physical, mental and emotional health, but has also helped them cope with issues ranging from neurodegenerative disease or cancer, to PTSD or post-partum depression," said William Lynch, Peloton's president. "With the addition of this esteemed Health and Wellness Advisory Council, which includes some of the best minds in medicine, we can leverage scientific research and medical expertise to help us better serve our community through our content, products and platform."

Peloton will collaborate with the council, which includes five doctors, researchers and other medical professionals from the fields of cardiovascular medicine, cardiopulmonary exercise, neurology and neuroscience, and draw on their knowledge and expertise to help inform product and content development, community-focused and social impact initiatives, research projects and more. 

The company is set to report earnings per share of 7 cents on sales of $577 million next week. If it's anything like other stay-at-home stocks -- here's looking at you, Zoom Video Communications Inc (NASDAQ: ZM ) -- it'll likely beat estimates.


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