Peloton Interactive Inc (NASDAQ:PTON) is down nearly 75% over the last year, but the stock is surging by more than 30% Tuesday amid continued acquisition speculation and a newly-announced CEO transition. So, what gives?
"I think most of what you're seeing is a short squeeze," Ritholtz Wealth Management's Josh Brown said Tuesday on CNBC's "Fast Money Halftime Report," citing elevated short interest numbers.
