Planet Fitness Inc (PLNT) stock is up 10.30% over the past week and gets a Bullish rating from InvestorsObserver's Sentiment Indicator.
What is Stock Sentiment?
Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive.
InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend.
Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .
What's Happening With PLNT Stock Today?
Planet Fitness Inc (PLNT) stock is down -1.14% while the S&P 500 is up 0.18% as of 11:44 AM on Friday, Apr 9. PLNT has fallen -$0.98 from the previous closing price of $86.24 on volume of 470,040 shares. Over the past year the S&P 500 is up 49.26% while PLNT is up 63.77%. PLNT lost -$0.19 per share in the over the last 12 months.
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More About Planet Fitness Inc
Planet Fitness Inc is a franchisor and operator of fitness centers in the United States. The company's reportable segments are Franchise, Corporate-owned stores, and Equipment. Franchise segment includes operations related to its franchising business in the United States, Puerto Rico, Canada, the Dominican Republic, Panama and Mexico, Corporate-owned stores segment includes operations with respect to all corporate-owned stores throughout the United States and Canada, and The Equipment segment includes the sale of equipment to franchisee-owned stores in the U.S. The firm generates a majority of its revenue from the Franchise business segment.
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