Planet Fitness Inc’s recently made public that its Chief Financial Officer Fitzgerald Thomas J III unloaded Company’s shares for reported $1.6 million on Nov 15 ’24. In the deal valued at $94.89 per share,16,848 shares were sold. As a result of this transaction, Fitzgerald Thomas J III now holds 27,284 shares worth roughly $2.72 million.
Then, Simmons Jennifer sold 11,453 shares, generating $1,101,820 in total proceeds. Upon selling the shares at $96.20, the Div President, Corp Stores now owns 19,110 shares.
Before that, THOMAS FITZGERALD bought 16,848 shares. Planet Fitness Inc shares valued at $1,598,762 were divested by the Officer at a price of $94.89 per share.
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 jump 0.03% to $99.58. Over the last five days, the stock has lost -1.92%. Planet Fitness Inc shares have risen nearly 36.41% since the year began. Nevertheless, the stocks have risen 46.57% over the past one year. While a 52-week high of $102.81 was reached on 11/27/24, a 52-week low of $54.35 was recorded on 03/20/24. SMA at 50 days reached $86.73, while 200 days put it at $73.74.
Levels Of Support And Resistance For PLNT Stock
The 24-hour chart illustrates a support level at 98.94, which if violated will result in even more drops to 98.31. On the upside, there is a resistance level at 100.13. A further resistance level may holdings at 100.69. The Relative Strength Index (RSI) on the 14-day chart is 69.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.45, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 31.09%. Stochastics %K at 73.54% indicates the stock is a holding.
How much short interest is there in Planet Fitness Inc?
A steep rise in short interest was recorded in Planet Fitness Inc stocks on 2024-11-15, dropping by -0.95 million shares to a total of 2.82 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 3.77 million shares. There was a decline of -33.73%, which implies that there is a negative sentiment for the stock.
