Off goes PTON. The stock increased today on news of Amazon deal, ahead of earnings

Peloton Interactive Inc (PTON) is trading 18% higher at $13.18 today. The Consumer Discretionary sector is having a generally mildly cheery day, this hasn't really affected the stock's share price, as it surpassing other names in the space.

The price is likely moving in run up to the upcoming earnings call on August 25.
-Peloton announces deal to sell products on Amazon
-Peloton has an average rating of "Hold" from the thirty-four ratings firms that are currently covering the company.
-Fourteen analysts have rated the stock with a hold recommendation and eleven have issued a buy recommendation on the company.
-Piper Sandler set a “neutral” rating and a $12.00 price target on the stock.

Peloton Interactive Inc has been trading between a 52-week high of $120.62 and a 52-week low of $8.22. The stock has a market cap of $397 Million.

Peloton is the leading interactive fitness platform in the world with a loyal community of more than 3.6 million Members. The company pioneered connected, technology-enabled fitness, and the streaming of immersive, instructor-led boutique classes for its Members anytime, anywhere. Peloton makes fitness entertaining, approachable, effective, and convenient, while fostering social connections that encourage its Members to be the best versions of themselves.

As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

etphonetrome - 10 upvotes - source
Imagine buying a PTON, posting your rIdEs on social media and then using it as a coat rack 2 weeks later 🤡

BigBoboGoingBigger - 7 upvotes - source
The only thing that can save my PTON calls is everyone using their $10k loan forgiveness on an overpriced bike and treadmill.

VisualMod - 3 upvotes - source
>Peloton strikes a deal to sell fitness equipment and apparel on Amazon: CNBC $PTON ^\*Walter ^Bloomberg ^[@DeItaone](http://twitter.com/DeItaone) ^at ^2022-08-24 ^08:32:14 ^EDT-0400

deuce-deuce-pap - 3 upvotes - source
Everyone check on your children. PTON is making moves for some reason

The-Legend-Of-Chaw - 3 upvotes - source
Puts on PTON

thevoidsquid - 3 upvotes - source
What does student loan forgiveness have to do with PTON?

neel_jung - 2 upvotes - source
Just die pton

ScruffyBelievesInGME - 2 upvotes - source
Might yolo a few PTON leaps if the earnings suck and it tanks more. Trying to bail out a pandemic era exercise equipment supplier sounds like something WSB would do.

krakdis - 2 upvotes - source
How low can PTON go?

boobsixty - 2 upvotes - source
When treadmill (PTON) company has the valuation of $3.7B we know this bubble is far from over.