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Planet Fitness (PLNT) Looks Good: Stock Adds 9.1% in Session

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Planet Fitness, Inc. (PLNT - Free Report) was a big mover last session, as the company saw its shares rise more than 9% on the day. 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 $58.63 to $64.11 in the past one-month time frame.

The move came after the company reported solid third-quarter 2019 results.

The company has seen a mixed track record when it comes to estimate revision of one increase and no decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.

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

Investors interested in the Leisure and Recreation Services industry may consider a better-ranked stock like Twin River Worldwide Holdings, Inc. (TRWH - Free Report) , which carries 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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