Fitness Peloton went up 14% on Tuesday. The near record high comes after Peloton announced two new exercise products, along with a price cut to its existing connected bike. Peloton introduced the new Peloton Bike+, a premium version of its already popular connected bike. They also announced the Peloton Tread, a budget version of its treadmill that was originally launched in 2018. Peloton cut the price of its Peloton bike by $350. The original price tag of the bike was $2,245.
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