PLNT - Why Is Everyone Suddenly Talking About Planet Fitness Stock?
2023-09-23 07:05:00 ET
In September, shares of gym chain Planet Fitness (NYSE: PLNT) dropped to multiyear lows after the company suddenly removed Chris Rondeau from his position as CEO. Rondeau had been at the helm since Jan. 2013, leading the company through its initial public offering (IPO) in 2015.
Investors are absolutely panicking, and others are adding fuel to the fire. After previously throwing shade at Planet Fitness, a prominent investing newsletter is taking a victory lap. And the company's former CEO suggests that rampant problems are about to come to light.
Here's what investors can know for sure, what they can't, and what they should do about it.
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Why Is Everyone Suddenly Talking About Planet Fitness Stock?