Planet Fitness Inc’s recently made public that its Div. President, U.S. Franchise Bode William unloaded Company’s shares for reported $0.16 million on Aug 14 ’24. In the deal valued at $79.02 per share,2,000 shares were sold. As a result of this transaction, Bode William now holds 27,504 shares worth roughly $2.62 million.
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Then, WILLIAM R. BODE bought 2,000 shares, generating $158,045 in total proceeds.
Before that, O’Donnell Brian sold 6,424 shares. Planet Fitness Inc shares valued at $497,174 were divested by the SVP, Chief Accounting Officer at a price of $77.39 per share. As a result of the transaction, O’Donnell Brian now holds 6,778 shares, worth roughly $0.65 million.
Macquarie downgraded its Planet Fitness Inc [PLNT] rating to a Neutral from a an Outperform in a research note published on November 08, 2024; the price target was increased to $99 from $91. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in late September with a ‘”a Hold”‘ rating. Exane BNP Paribas also remained covering PLNT and has increased its forecast on September 05, 2024 with a “an Outperform” recommendation from previously “Neutral” rating. TD Cowen revised its rating on June 24, 2024. It rated PLNT as “a Buy” which previously was an “a Hold”.
Price Performance Review of PLNT
On Monday, Planet Fitness Inc [NYSE:PLNT] saw its stock fall -0.12% to $95.20. Over the last five days, the stock has gained 20.64%. Planet Fitness Inc shares have risen nearly 30.41% since the year began. Nevertheless, the stocks have risen 51.26% over the past one year. While a 52-week high of $98.59 was reached on 11/07/24, a 52-week low of $54.35 was recorded on 03/20/24. SMA at 50 days reached $82.03, while 200 days put it at $71.66.
Levels Of Support And Resistance For PLNT Stock
The 24-hour chart illustrates a support level at 94.23, which if violated will result in even more drops to 93.27. On the upside, there is a resistance level at 96.55. A further resistance level may holdings at 97.91. The Relative Strength Index (RSI) on the 14-day chart is 77.93, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 11.61, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 16.28%. Stochastics %K at 82.24% 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 2024-10-15, dropping by -0.79 million shares to a total of 3.77 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.55 million shares. There was a decline of -20.88%, which implies that there is a negative sentiment for the stock.
