Video-conferencing services like Zoom Video Communications Inc. ZM, -1.45% aren't the only tech tools seeing a rise in use since the outbreak of COVID-19. Some 41% of Americans used a fitness app for the first time during quarantine and over half (56%) are so confident in their home workouts that they plan to cancel their gym memberships, according to a survey of 2,000 people from Freeletics, a provider of AI-based fitness and lifestyle coaching.
The survey was conducted by OnePoll. The average American used two fitness apps and took four online fitness classes during lockdown. The exercise-at-home movement is reflected in the stock performance of leading fitness vendors. Peloton Interactive Inc. PTON, +0.28% shares have soared 119% this year, while those of Fitbit Inc. FIT, +1.46% are up 5%. By comparison, the S&P 500 index SPX, +0.90% is down 0.4% in 2020.