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Exercise business Peloton has launched Peloton Repowered to take on the rise of marketplaces as CEO Peter Stern attempts to turn the wheel on the company's stock decline.

Peloton Interactive, Inc. shares are trading higher Wednesday. On Tuesday, a report suggested the company is launching a resale market for used bikes and treadmills.

Peloton on Tuesday launched its own marketplace for reselling used equipment and gear as the company looks to capitalize on the many bikes and treadmills collecting dust in people’s homes.

Peloton is already winning over customers who have bought a secondhand bike or treadmill, but now it’s going to get a slice of the resale market.