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Peloton Surges After Previewing Long-Awaited Rowing Machine

Peloton’s upcoming rowing machine.
Peloton’s upcoming rowing machine.Source: Peloton
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Peloton Interactive Inc. shares jumped the most in three months after the struggling fitness company previewed its long-anticipated rowing machine, raising hope that it’s poised for a comeback.

A video shown during Peloton’s annual Homecoming event Friday depicted a trainer pulling on the rowing machine. The device has a similar look as the company’s other exercise machines, including a black plastic outer shell that has multiple Peloton logos.