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Planet Fitness (PLNT) stock rises with news of gyms reopening

Planet Fitness (PLNT) currently trades at $55.49 and has grown by 10.49% today. PLNT went up $5.27 from the previous closing price of $50.22. The high forecast for Planet Fitness is $100.00 and the low is $47.00. The company’s market cap is $4.80 billion with a 52 week high of $88.77 and a 52 week low of $23.77. PLNT has changed in price by -17.44 per share in the last 12 months. President Trump released guidelines that would let gyms reopen in phase one of easing coronavirus restrictions. Planet Fitness stock rose, while Peloton stock fell.

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Planet Fitness has a strong EPS of 1.41. This means the company made $1.41 per share after paying dividends, this can indicate that the stock is a safe investment. EPS is calculated as a company’s profit divided by the outstanding shares of its common stock. The resulting number serves as an indicator of a company’s profitability. It is common for a company to report EPS that is adjusted for extraordinary items and potential share dilution. Based on this information, investorsQ rates this stock 7 out of 10. We give it this rating based on current information written in this article.

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About Planet Fitness:
Planet Fitness. Planet Fitness (PFIP LLC) is an American franchisor and operator of fitness centers based in Hampton, New Hampshire. The company reports that it has 1,859 clubs, making it one of the largest fitness club franchises by number of members and locations.

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