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Planet Fitness (PLNT) Looks Good: Stock Up 5.6% in Session

Zacks Equity Research

Planet Fitness, Inc. PLNT was a big mover last session, as the company saw its shares rise around 6% on the day. Shares gained after the company reported better-than-expected results for the third quarter of 2016. The news led to far more shares changing hands than in a normal session resulting in solid volume. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $19.30 to $20.32 in the past one-month time frame.

None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

Planet Fitness currently carries a Zacks Rank #2 (Buy).





Another favorably placed stock in the same industry is The Madison Square Garden Company MSG, sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is PLNT going up? Or down? Predict to see what others think: Up or Down

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