The long-term picture is weak. The stock is trading below a falling 200-day moving average — the market's long-term memory is pointing down, meaning sellers have been in control and that hasn't changed. The stock is lagging the S&P 500, meaning investors would have earned better returns simply owning the index. The first area where the chart starts to improve is $47-$49, near the 50-day and what post-earnings buyers paid, where sustained buying would suggest confidence is returning. The bigger test is reclaiming the 200-day at $66. Until the stock can move above that level and stay there, the long-term trend remains unproven. Risk state is high: ATR 4.6% · 1Y DD 64% · 8 dist days · 10 gaps · earnings ~26d.
Planet Fitness, Inc., together with its subsidiaries, franchises and operates fitness centers under the Planet Fitness brand. The company operates through three segments: Franchise, Corporate-Owned Clubs, and Equipment. The Franchise segment includes operations related to the franchising business in the United States, Puerto Rico, Canada, Panama, Mexico and Australia. The Corporate-owned clubs segment includes operations with corporate-owned clubs in the United States, Canada, and Spain. The Equipment segment includes the sale of equipment to franchisee-owned clubs; and the sale of fitness equipment to franchisee-owned clubs in the United States, Canada, and Mexico. Planet Fitness, Inc. was founded in 1992 and is headquartered in Hampton, New Hampshire.
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$PLNT
PLANET FITNESS INC CLASS A