Peloton spikes after Eric Jackson says he’s long the stock at $4

The architect of one of last year's biggest meme-stock rallies says Peloton is his newest bullish target

Despite waitlists for its in-person classes, Peloton is not investing in more studios.John Smith/VIEWpressEric Jackson, the hedge fund manager who sent Opendoor stock surging last summer, has a new bullish bet.He said on Friday that he's long beaten-down Peloton stock. A hero among retail traders, Jackson is bullish on a turnaround for the exercise equipment maker. The hedge fund manager who helped engineer the Opendoor stock rally last summer i…

Peloton spikes after Eric Jackson says he’s long the stock at $4

Jackson’s tweet at 11:56 a.m. ET coincided with a spike in the share price as well as volumes traded (which may well imply that algos are geared to buy any stock he comments favorably on).