Peloton Interactive, Inc. PTON shares are trading higher after the company, along with UnitedHealth Group Incorporated UNH, announced eligible UnitedHealthcare members will be able to access thousands of live and on-demand classes via the Peloton App for up to 12 months at no additional cost.
Nearly 4 million UnitedHealthcare commercial members will have the option to access Peloton's fitness classes via the Peloton App, giving people enrolled in qualified fully insured employer-sponsored plans a 12-month subscription to a Peloton Digital Membership or a four-month waiver for a Peloton All-Access Membership at no additional cost, said in the company's press release.
"Expanding access to Peloton's industry-leading health and wellness community builds upon our commitment to developing digital health resources and consumer-centric benefits to help people live healthier lives," said Philip Kaufman, Chief Operating Officer, UnitedHealthcare Employer & Individual.
Peloton Interactive Inc operates an interactive fitness platform.
Peloton's stock was trading about 6.4% higher at $126 per share on Tuesday. The stock has a 52-week high of $171.09 and a 52-week low of $59.68.
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