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Peloton Interactive (NASDAQ:PTON) and Victoria’s Secret & Co. (NYSE:VSCO) both outperformed broad market averages and retail peers on Monday to start off the new quarter.
Notably, the two companies were both singled out last week by Amazon (AMZN) in the e-commerce giant’s official Prime Day announcement. In the biggest retail event of the summer, Prime Day sales will simultaneously take place on July 11-12 in Australia, Austria, Belgium, Brazil, Canada, China, Egypt, France, Germany, Italy, Japan, Luxembourg, Mexico, the Netherlands, Poland, Portugal, Saudi Arabia, Singapore, Spain, Sweden, Turkey, the United Arab Emirates, the U.S., and the UK.
Peloton Interactive (PTON) rallied 9.45% in late morning trading on Monday. Short interest on Peloton is at 10.37% of total float. Shares of PTON poked a 3.45% gain for the first six months of the year.
Victoria’s Secret (VSCO) broke 4.85% higher. Short interest on VSCO is at 16.35% of total float. Shares were down 45% for the first half of the year.
