Hitting A New 52 Week High, Planet Fitness Inc (NYSE:PLNT) Settle At $73.55

PLNT
PLNT

Planet Fitness Inc (NYSE:PLNT)

April 17th, 2019

With markets going up Planet Fitness Inc closed Tuesday up 0.38%, a $0.28 increase to close on $73.55. Furthermore it hit a new 52 week high of $74.60. The stock continues to trade well at 100.30% of its 52 week low of $36.72. While it is positive news the stock ended higher, the trading volumes were only 0.00% of normal which could be an indication of investor uncertainty.

PLNT was outperformed by the rest of the Consumer Discretionary sector which went up 0.48%.

Analysis results from 12 analysts suggest that Planet Fitness Inc could drop somewhat (-7.90%), while Finbox has calculated (with medium uncertainty) a fair value price of $44.72.

Market Sectors

The market sectors were mixed Wednesday with a majority of the sectors trending up. Financials saw the biggest increase of the day (1.37%), while Real Estate saw the biggest drop (-2.38%). Information Technology has seen the biggest year-to-date gain at 24.38%.

Financials saw the biggest turnaround from its 5-day performance of 3.59%, as it went up 1.37%. Consumer Staples saw a turn around from its 5-day performance of 1.35% trading down -0.06%.

Sector Breakdown

  • Financials went up with a 1.37% change.
  • Energy went up with a 0.64% change.
  • Industrials went up with a 0.59% change.
  • Information Technology went up with a 0.49% change.
  • Consumer Discretionary went up with a 0.48% change.
  • Materials went up with a 0.47% change.
  • Communication Services went up with a 0.21% change.
  • Consumer Staples went down with a -0.06% change.
  • Utilities went down with a -1.39% change.
  • Healthcare went down with a -2.03% change.
  • Real Estate went down with a -2.38% change.

Planet Fitness Inc Info

Planet Fitness, Inc., together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness name. It operates through three segments: Franchise, Corporate-Owned Stores, and Equipment. The Franchise segment is involved in franchising business in the United States, Puerto Rico, Canada, the Dominican Republic, and Panama. The Corporate-Owned Stores segment operates corporate-owned stores in the United States and Canada. The Equipment segment engages in the sale of fitness equipment to franchisee-owned stores in the United States. As of June 30, 2018, the company had 1,608 stores in 50 states, the District of Columbia, Puerto Rico, Canada, the Dominican Republic, Panama, and Mexico. Planet Fitness, Inc. has a strategic collaboration with Kohl’s Corporation to open Planet Fitness stores. The company was founded in 1992 and is headquartered in Hampton, New Hampshire.

All amounts in USD unless otherwise indicated

PLNT daily update
PLNT daily update

Media Gazelle Inc (MG), a Nevada Corporation, owns and operates the online brand US Tribune News. MG does not offer financial advise, and is not a registered broker/dealer/analyst/adviser, holds no investment licenses, and may not sell, offer to sell or offer to buy any security. MG’s market updates, news are not a solicitation or recommendation to buy, sell or hold securities. MG shall not be held liable for any investment losses you may incur by using the information provided, this includes you trading the stocks mentioned on our sites. We recommend you talk to a financial adviser before trading any securities or taking any action based upon information on this site. MG does not guarantee the accuracy of the article.