Planet Fitness (PLNT) in Focus: Stock Moves 6.5% Higher

1 BUSINESS

Business News - Opportunities - Reviews

 

 
Shutterstock photo

Planet Fitness, Inc. PLNT was a big mover last session, as the company saw its shares rise more than 6% on Friday. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $47.52 to $50.40 in the past one-month time frame.

The move came after the company reported solid second-quarter 2018 results.

The company has seen seven negative estimate revisions in the past month, while its Zacks Consensus Estimate has also moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Planet Fitness currently has a Zacks Rank #3 (Hold), while its Earnings ESP is negative.

Planet Fitness, Inc. Price

Planet Fitness, Inc. Price | Planet Fitness, Inc. Quote

A better-ranked stock in the Leisure and Recreation Services industry is Royal Caribbean Cruises Ltd. RCL which currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here .

Is PLNT going up? Or down? Predict to see what others think: Up or Down

Wall Street’s Next Amazon

Zacks EVP Kevin Matras believes this familiar stock has only just begun its climb to become one of the greatest investments of all time. It’s a once-in-a-generation opportunity to invest in pure genius.

Click for details >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

Royal Caribbean Cruises Ltd. (RCL): Free Stock Analysis Report

Planet Fitness, Inc. (PLNT): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.





1 BUSINESS

Business News - Opportunities - Reviews

 

 

Leave a Reply