##Planet Fitness Inc. (PLNT) Moves Higher on Volume Spike for October 09

###Planet Fitness Inc. (PLNT) Moves Higher on Volume Spike for October 09 | #MIDDAY

Market Summary


Planet Fitness Inc. is a Franchises and operates fitness centers

Last Price $ 48.63 Last Trade
Change $ 0.22 Change Percent 0.45 %
Open $ 48.35 Prev Close $ 48.41
High $ 49.25 low $ 48.22
52 Week High $ 55.35 52 Week Low $ 25.55
Market Cap 4,785,415,163 PE Ratio -60.04
Volume 1,826,959 Exchange NYE

PLNT - Market Data & News

PLNT - Stock Valuation Report


Planet Fitness Inc. (PLNT) traded on unusually high volume on Oct. 09, as the stock gained 0.45% to close at $48.63. On the day, Planet Fitness Inc. saw 1.75 million shares trade hands on 11,245 trades. Considering that the stock averages only a daily volume of 1.03 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $55.35 and $25.55 over the last 52-weeks, its 50-day SMA is now $50.52, and its 200-day SMA $41.97. Planet Fitness Inc. has a P/B ratio of -60.04. It also has a P/E ratio of 75.6.

Planet Fitness Inc is a franchisor and operator of fitness centers in the United States. It has approximately more than 8.7 million members and more than 1,200 stores in 47 states, the District of Columbia, Puerto Rico, Canada and the Dominican Republic.

Headquartered in Hampton, NH, Planet Fitness Inc. has 833 employees and is currently under the leadership of CEO Chris Rondeau.

For a complete fundamental analysis analysis of Planet Fitness Inc., check out Equities.com’s Stock Valuation Analysis report for PLNT.

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To get more information on Planet Fitness Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: PLNT’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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