The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Planet Fitness Inc shares valued at $1,598,763 were sold by Fitzgerald Thomas J III on Nov 15 ’24. At $94.89 per share, Fitzgerald Thomas J III sold 16,848 shares. The insider’s holdings dropped to 27,284 shares worth approximately $2.73 million following the completion of this transaction.
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Also, Simmons Jennifer sold 11,453 shares, netting a total of over 1,101,820 in proceeds. Following the sale of shares at $96.20 each, the insider now holds 19,110 shares.
Before that, THOMAS FITZGERALD had added 16,848 shares to its account. In a trade valued at $1,598,762, the Officer bought Planet Fitness Inc shares for $94.89 each.
As published in a research note from Macquarie on November 08, 2024, Planet Fitness Inc [PLNT] has been rated down from an Outperform to a Neutral and the price target has been revised to $99 from $91. Analysts at Deutsche Bank started covering the stock with ‘”a Hold”‘ outlook in a report released in late September. As of September 05, 2024, Exane BNP Paribas has increased its “Neutral” rating to a “an Outperform” for PLNT. Earlier on June 24, 2024, TD Cowen 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 3.96%. Over the course of the year, Planet Fitness Inc shares have jumped approximately 37.01%. Shares of the company reached a 52-week high of $100.63 on 11/21/24 and a 52-week low of $54.35 on 03/20/24. A 50-day SMA is recorded $84.61, while a 200-day SMA reached $72.78. Nevertheless, trading volume fell to 1.22 million shares from 0.79 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 98.38, which, if violated, would cause prices to drop to 96.74. In the upper region, resistance lies at 101.15. The next price resistance is at 102.27. RSI (Relative Strength Index) is 78.57 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.57, which suggests the price will increase in the coming days. Percent R is at 2.67%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
