Overall market sentiment has been down on Planet Fitness Inc (PLNT) stock lately. PLNT receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.
Planet Fitness Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on PLNT!
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 trading at $86.50 as of 2:40 PM on Monday, Nov 29, an increase of $1.99, or 2.35% from the previous closing price of $84.51. The stock has traded between $85.34 and $87.61 so far today. Volume today is below average. So far 563,257 shares have traded compared to average volume of 977,124 shares.
To see InvestorsObserver's Sentiment Score for Planet Fitness Inc click here.
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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