PLNT - Planet Fitness Gains as New York Gyms Greenlighted to Reopen Next Monday
Shares of Planet Fitness (NYSE: PLNT) have jumped more than +2.3% in morning and midday trading today after an announcement New York state will likely allow gyms to reopen next Monday, Aug. 24. Governor Andrew Cuomo announced the move today at a press conference, along with providing an outline of the health and safety measures newly reopened gyms will be required to follow in the Empire State.
In an effort to prevent a resurgence of the COVID-19 pandemic, gyms will have to maintain ventilation meeting strict state standards, limit capacity to 33% of total, and enforce the wearing of masks among their clientele, according to Cuomo's statement. Additional details on the state's new gym health regulations will be released later today.
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