** Shares of Peloton Interactive up 9% at $7 premarket
** Co appoints former Apple executive Peter Stern as CEO and president, effective Jan. 1
** PTON's Q1 revenue falls 2% to $595.5 mln due to lower demand for its fitness equipment
** Stock up 9% YTD
(Reporting by Anshuman Tripathy in Bengaluru)
((Anshuman.Tripathy@thomsonreuters.com;))