Planet Fitness Inc (NYSE:PLNT)
August 11th, 2018
Amidst falling markets Planet Fitness Inc went up $3.14 Monday, up 6.43%, closing at $51.94. Furthermore it hit a new 52 week high of $53.41. The stock continues to trade well at 121% of its 52 week low of $23.49. In addition to finishing higher, trading volumes were solid at 405% of normal which can indicate investors see opportunities.
PLNT outperformed the rest of the Consumer Discretionary sector which went down 0.82% today.
Analysis results from 13 analysts indicates that Planet Fitness Inc could fall somewhat (-7.43%), while Finbox has calculated (with medium uncertainty) a fair value price of $35.68.
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 December 31, 2017, the company had 1,518 fitness centers, which include 1,456 franchised and 62 are corporate-owned in the United States, the District of Columbia, Puerto Rico, the Dominican Republic, Canada, and Panama. Planet Fitness, Inc. was founded in 1992 and is headquartered in Hampton, New Hampshire.
All amounts in USD unless otherwise indicated
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