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Planet Fitness (PLNT) in Focus: Stock Moves 6.5% Higher

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Planet Fitness, Inc. PLNT was a big mover last session, as the company saw its shares rise more than 6% on Friday. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $47.52 to $50.40 in the past one-month time frame.

The move came after the company reported solid second-quarter 2018 results.

The company has seen seven negative estimate revisions in the past month, while its Zacks Consensus Estimate has also moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Planet Fitness currently has a Zacks Rank #3 (Hold), while its Earnings ESP is negative.

A better-ranked stock in the Leisure and Recreation Services industry is Royal Caribbean Cruises Ltd. (RCL - Free Report) which currently has a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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