Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Planet Fitness Inc shares valued at $158,045 were sold by Bode William on Aug 14 ’24. At $79.02 per share, Bode William sold 2,000 shares. The insider’s holdings dropped to 27,504 shares worth approximately $2.59 million following the completion of this transaction.
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Also, WILLIAM R. BODE purchased 2,000 shares, netting a total of over 158,045 in proceeds.
Before that, O’Donnell Brian had sold 6,424 shares from its account. In a trade valued at $497,174, the SVP, Chief Accounting Officer traded Planet Fitness Inc shares for $77.39 each. Upon closing the transaction, the insider’s holdings decreased to 6,424 shares, worth approximately $0.64 million.
As published in their initiating research note from Deutsche Bank on September 27, 2024, Planet Fitness Inc [PLNT] has been a Hold and the price target has been revised to $71. Analysts at Exane BNP Paribas upgraded the stock from ‘”a Neutral”‘ to ‘”an Outperform”‘ outlook in a report released in early September. As of June 24, 2024, TD Cowen has increased its “Hold” rating to a “Buy” for PLNT. Earlier on June 10, 2024, Jefferies upgraded its rating. Their new recommendation was “a Buy” for PLNT stock which previously was a “a Hold”.
Analyzing PLNT Stock Performance
During the last five days, there has been a surge of approximately 19.93%. Over the course of the year, Planet Fitness Inc shares have jumped approximately 29.00%. Shares of the company reached a 52-week high of $98.59 on 11/07/24 and a 52-week low of $54.35 on 03/20/24. A 50-day SMA is recorded $81.47, while a 200-day SMA reached $71.40. Nevertheless, trading volume fell to 5.39 million shares from 3.11 million shares the previous day.
Support And Resistance Levels for Planet Fitness Inc (PLNT)
According to the 24-hour chart, there is a support level at 91.25, which, if violated, would cause prices to drop to 88.34. In the upper region, resistance lies at 97.84. The next price resistance is at 101.51. RSI (Relative Strength Index) is 77.24 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.15, which suggests the price will increase in the coming days. Percent R is at 21.23%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
