Planet Fitness Inc’s recently made public that its Interim CEO BENSON CRAIG R acquired Company’s shares for reported $0.68 million on Dec 11 ’23. In the deal valued at $68.15 per share,10,000 shares were bought. As a result of this transaction, BENSON CRAIG R now holds 35,000 shares worth roughly $2.21 million.
Then, Rondeau Christopher sold 1,000,000 shares, generating $66,550,000 in total proceeds. Upon selling the shares at $66.55, the Director now owns 0 shares.
Before that, Rondeau Christopher bought 10,000 shares. Planet Fitness Inc shares valued at $649,850 were divested by the Chief Executive Officer at a price of $64.98 per share. As a result of the transaction, Rondeau Christopher now holds 36,305 shares, worth roughly $2.29 million.
Exane BNP Paribas upgraded its Planet Fitness Inc [PLNT] rating to a Neutral from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in late September with a ‘”an Overweight”‘ rating. JP Morgan also remained covering PLNT and has decreased its forecast on September 19, 2023 with a “Neutral” recommendation from previously “an Overweight” rating. Jefferies revised its rating on September 18, 2023. It rated PLNT as “a Hold” which previously was an “a Buy”.
Price Performance Review of PLNT
On Friday, Planet Fitness Inc [NYSE:PLNT] saw its stock jump 0.77% to $63.14. Over the last five days, the stock has gained 0.81%. Planet Fitness Inc shares have fallen nearly -13.51% since the year began. Nevertheless, the stocks have fallen -17.35% over the past one year. While a 52-week high of $84.48 was reached on 01/08/24, a 52-week low of $44.13 was recorded on 03/20/24. SMA at 50 days reached $64.48, while 200 days put it at $63.08. A total of 1.36 million shares were traded, compared to the trading of 1.55 million shares in the previous session.
Levels Of Support And Resistance For PLNT Stock
The 24-hour chart illustrates a support level at 62.35, which if violated will result in even more drops to 61.56. On the upside, there is a resistance level at 63.58. A further resistance level may holdings at 64.02. The Relative Strength Index (RSI) on the 14-day chart is 51.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.59, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 20.81%. Stochastics %K at 80.84% indicates the stock is a selling.
How much short interest is there in Planet Fitness Inc?
A steep rise in short interest was recorded in Planet Fitness Inc stocks on Mar 15, 2024, growing by 1.02 million shares to a total of 4.77 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 3.75 million shares. There was a rise of 21.38%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 6.37% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.84.
