PLNT - Why Shares of AMC Cinemark Live Nation and Planet Fitness Popped Today
Shares of companies whose business is centered on large groups of people coming together -- including a concert organizer, theater owners, and a fitness-center operator -- are powering ahead in the final day of the trading week. As of 2 p.m. EDT Friday, gym operator Planet Fitness (NYSE: PLNT) was enjoying an 11% surge in its stock price, while Live Nation Entertainment (NYSE: LYV) was up a respectable 4%, and cinema chains Cinemark Holdings (NYSE: CNK) and AMC Entertainment (NYSE: AMC) were up 13% and 32%, respectively.
Image source: Getty Images.
Preliminary results from a University of Chicago Medicine study of 125 COVID-19 patients treated with Gilead Sciences' (NASDAQ: GILD) antiviral medication remdesivir showed rapid recovery, with most patients discharged from the hospital ahead of schedule.