Those results were questionable due to their creative accounting. I'd stay away. Too many gyms out there and more competition with pricing to match PLNT's monthly fees.
See, it went away that quickly. Buy again and repeat. Baker Bros paid way more for this stock and will have to pump it back up or lose big time. Day Trade because the crooks are in control AGAIN. SGEN ran up seven bucks in 5 trading days and lost $3.00 of it today also on the Baker pump and dump. One of these days people are going to wake up to this scam but until then-buy the dips and sell the rips.
From 31 to 37 in 5 trading days. If you didn't take your profits today like the BAKER'S-no one can help you. They have many shares that are not locked up and the pump last week was just what they needed.
You have plenty of time to buy this stock. Baker's announcement of purchasing shares last week brought in more buyers from the hype. Day traders loaded the boat. Baker's got shares around $31. plus and it quickly ran up. They control the price of SGEN and must buy near $30.00 to cover all the shares they paid too much for in the last two years and to cover bio stocks they purchased of two others they are currently under water in. SGEN is their chance to get back those losses as this $3.00 move per share today shows much volatility that they alone control. Never chase a stock as the buyers did on that secondary at $44.00. Just play and take profits. You will be way ahead.
It was at that price near the end of 2015 so no reason it won't be up there again with the merger plus you get the over 4% dividend while you wait.
No News? Read their last earnings report. Membership is down and so are earnings. No positive guidance either. Most are getting fit on their own with wrist trackers and free healthy eating menus online. Why pay for Weightwatchers packaged food with preservatives and sodium when you can eat fresh at home and exercise. Do you need WTW to lose weight? What about the cost?
Ave volume just under 5 million shares. Low volume of only 1 million shares today means not many can give up their shares without a loss. It still doesn't change the fact that the huge run-up a few months ago was for the insiders to get out at the highs and re-enter at 12. Just click on insider trades and it shows just that.
JUNO is a much better stock to TRADE.
You do know that at one time CERS was a $30.00 stock and now it's under $6.00. It is down on the news by 3%