$PLNT

Planet Fitness Inc

  • NEW YORK STOCK EXCHANGE, INC.
  • Consumer Services
  • Other Consumer Services
  • Arts, Entertainment, and Recreation
  • Theater Companies and Dinner Theaters

PRICE

$78.164 ▲1.419%

Extented Hours

VOLUME

921,432

DAY RANGE

75.51 - 77.42

52 WEEK

49.42 - 90.34

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@DarkPoolAlgo #Dark Pool Charts
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/*============================================= = Premarket Prep 06/01/21 = =============================================*/ U.S. stock futures looking higher, tracking gains in Europe and Asia ahead of manufacturing data that will give fresh insights into the economic recovery. S&P futures are looking higher after closing out May with its fourth consecutive monthly advance as investors have grown more confident that rising inflation won’t lead central banks to ease monetary policy measures, pushing major indexes back toward all-time highs in recent weeks. Economic data in the form of manufacturing showed strength in both Europe and Asia overnight with ISM data coming at 10:00 AM later this morning. For the week, the S&P rose 1.17%, the Dow added 0.94%, the Nasdaq gained 2.06%. For the month, the S&P rose 0.55%, the Dow added 1.94%, and the Nasdaq shed 1.53%. Stocks gained on Friday as investors considered new economic data on consumer spending, income and inflation alongside stronger-than-expected data reports from earlier this week. In Asian markets, The Nikkei Index fell -45 points to 28.814, the Shanghai Index rose 9 points to 3,624 and the Hang Seng Index jumped 316 points to 29,468. In Europe, the German DAX is up over 220 points to 15,640, while the FTSE 100 rises over 80 points to top 7,100. Market Closing Prices Yesterday The S&P 500 Index gained 3.23 points, or 0.08%, to 4,204.11 The Dow Jones Industrial Average rose 64.81 points, or 0.19%, to 34,529.45 The Nasdaq Composite climbed 12.46 points, or 0.09%, to 13,748.74 The Russell 2000 Index declined -4.10 points, or 0.18% to 2,268.97 Events Calendar for Today 7:45 AM ET ICSC Weekly Retail Sales 8:55 AM ET Johnson/Redbook Weekly Sales 9:45 AM EST Markit Manufacturing PMI, May-F 10:00 AM EST Construction Spending for April 10:00 AM EST ISM Manufacturing PMI, for May 10:30 AM EST Dallas Fed Manufacturing for May Earnings Calendar: Earnings Before the Open: $GHM, $KIRK Earnings After the Close: $AMBA, $APPS, $HPE, $ITI, $MDLA, $OESX, $ZM Other Key Events: Cowen 49th Annual TMT Conference (virtual), 6/1-6/3 Deutsche Bank FinTech and Info Service Conference (virtual), 6/1-6/2 Goldman Sachs 3rd Asia Spotlight Symposium (virtual), 6/1-6/4 Jefferies Global Healthcare Conference, 6/1-6/3 KeyBanc Capital Markets Industrials & Basic Materials Conference (virtual), 6/1-6/4 William Blair 40th Annual Growth Stock Conference (virtual), 6/1-6/3 OPEC+ June meeting Macro Up/Down Last Nymex 1.78 68.10 Brent 1.39 70.71 Gold 0.15 1,907.00 EUR/USD 0.0001 1.2228 JPY/USD 0.03 109.61 10-Year Note +0.028 1.622% World News China’s factory activity expanded at the fastest pace this year in May as domestic and export demand picked up, as the Caixin/Markit Manufacturing Purchasing Managers’ Index (PMI) rose to 52.0 last month, the highest level since December and inching up from April’s 51.9. China will allow all couples to have a third child, a surprise move aimed at slowing the nation’s declining birthrate as risks to the economy’s long-term prospects mount because of a rapidly aging population OECD releases U.S. economic forecasts in Paris as PCE 2.6% y/y in 2022; 2.9% y/y in 2021; core PCE 2.6% y/y in 2022; 2.5% y/y in 2021; unemployment rate 4.3% y/y in 2022; 5.6% y/y in 2021 Iran and world powers have started what could be their final negotiations to revive a 2015 nuclear accord that limited the Islamic Republic’s atomic activities in return for sanctions relief. The fifth round of talks has begun in Vienna RBA Rate Decision: Leaves cash rate unchanged at 0.1%, leaves 3Y AGB yield target at 0.1%; RBA won’t increase cash rate until actual inflation is sustainably within 2-3% target range which is unlikely to be 2024 at earliest; a pick-up in inflation/wages is expected but likely to be gradual & modest Sector News Breakdown Consumer AMC Entertainment ($AMC) issued to Mudrick Capital Management, 8.5 mln shares of company’s class a common stock for $230.5 mln Nio ($NIO) said it delivered 6,711 vehicles in May, up 95.3% Y/Y and down 5.5% M/M from April delivery of 7,102 vehicles. Xpeng Inc ($XPEV) said May deliveries jump nearly sixfold as May vehicle deliveries surged 483% to 5,686 units, spurred by record-high demand for XPEV’s P7 sedan Krispy Kreme has filed a Registration Statement on Form S-1 with the SEC relating to the proposed initial public offering of its common stock. The number of shares to be offered and the price range for the proposed offering have not yet been determined Macau’s gaming bureau reported May gross revenue from games of fortune in the region increased 492.2% year-over-year to 10.445B patacas (watch shares of $WYNN, $MLCO, $MGM) Planet Fitness ($PLNT) shares stock could drop 50% after a stunning recovery according to Barron’s as growth slows and the market becomes saturated. Article notes Teton Fund Management, which has shorted the stock, says millions of members will never return to a gym. Dollar General ($DG) and Dollar Tree ($DLTR) reported fiscal-first-quarter results before the bell on Thursday, and both beat analysts’ expectations-but that’s where the similarities end, according to Barron’s. DLTR warned freight costs could have a big impact on earnings, the latest indication that Dollar General is the stronger operator-and that doesn’t look set to change anytime soon For airlines, the Transportation Security Administration (TSA) reported that it screened almost 1.96 million people at airports, compared with 1.85 million on Thursday. That’s the most since March 7, 2020, when the COVID-19 pandemic was in its early stages Energy, Industrials and Materials Oil prices are higher by over 2% (WTI crude $68 per barrel and Brent tops $70) as the latest OPEC+ gathering takes place via videoconference today. OPEC+ decided in April to return 2.1M barrels per day to the market from May to July, anticipating rising global demand. Since the announcement, the crude price has risen from $60 toward the $70 level Exxon Mobil Corp ($XOM) rises along with Equinor EQNR and Petrogal Brasil says they will proceed with an $8 bln development of Brazil’s Bacalhau oil discovery Exxon ($XOM) suffered a setback this week when it lost at least two board seats to the upstart activist Engine No. 1, but the defeat could move the oil giant forward to benefit both the company and the shareholders, according to Barron’s Virgin Galactic ($SPCE) filed a shelf registration for $1 billion of mixed securities, plus 2.7m shares issuable upon the exercise of previously sold warrants Financials American Financial ($AFG) declares special dividend of $14 per share after announces closing of the sale of its annuity businesses and declares special dividend Healthcare Liminal BioSciences Inc. ($LMNL) said it has decided to stop its plans to move fezagepras into a Phase II clinical study in Idiopathic Pulmonary Fibrosis and a phase Ia/IIb study in Hypertriglyceridemia, as it evaluates the impact of the PK data profile observed in the on-going study. Forte Biosciences ($FBRX) files $300M mixed securities shelf Aeglea BioTherapeutics ($AGLE) files to sell 19.02M shares of common stock for holders Technology, Media & Telecom Cloudera ($CLDR) entered into a definitive agreement to be acquired by affiliates of Clayton, Dubilier & Rice and KKR ($KKR) in an all-cash transaction valued at approximately $5.3B (confirming reports overnight by the WSJ). Cloudera shareholders will receive $16.00 in cash per share, representing a 24% premium to the closing price as of May 28, 2021 – confirms overnight WSJ https://on.wsj.com/3uCAZ0g RingCentral ($RNG) team up with Deutsche Telekom ($DTEGY) to transform business communications for customers of all sizes. The chip shortage is creating an opportunity for two stocks according to Barron’s, Applied Materials ($AMAT) and Lam Research ($LRCX) saying both trade at about 20x earnings estimates for the next 12 months, lower than the multiples of S&P 500 Index and the PHLX semiconductor Index. SemiLEDs ($LEDS) files $30M mixed securities shelf

74 Replies 15 👍 9 🔥

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@RedSunCap #droscrew
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$PLNT Jan22 95 calls // 3382 vs 39

67 Replies 10 👍 15 🔥

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@RedSunCap #droscrew
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$PLNT Jan22 95 calls // 3382 vs 39

106 Replies 10 👍 7 🔥

RO
@rodrigoaponcer #Zona Trading
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$ABT $AMBA $ATVI $BILI $BILL $CCK $COHU $DNLI $FANG $HEAR $NEO $PFGC $PLNT $PLUG $YUMC

51 Replies 8 👍 10 🔥

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@Benlax #droscrew
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AMC 2/18 - $TTD $ROKU $APPN $AMAT $BIGC $CPRT $EVBG $GLOB $PLNT $QDEL

45 Replies 10 👍 14 🔥

BR
@BrittJ #StockTraders.NET
recently

$PLNT frd setup?

136 Replies 8 👍 13 🔥

TK
@TkNeo #droscrew
recently

$PLNT still looks like a good entry.

95 Replies 13 👍 14 🔥

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@dros #droscrew
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@matthewnitto PLNT ceo on CNBC. think he took either 30 doses of Jack3d with DMAA or a bottle of clen

82 Replies 7 👍 13 🔥

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@ivtrades-Chris #ivtrades
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@everyone 3) I am going into the week with just one position in the IVtrades account ( $AMD DEC 24th 81.00 Calls) after taking a small gain on the PLNT short position last week. There has been a bit of volatility compression over the last few weeks which has made Options pricing a little dicey and so I have been deliberately skipping over some plays even when the setups are good. Let's see if that changes this week. 4) Remember, the plan is to be patient and deliberate in our approach and the goal is still to finish out 2020 with more money than we started with and add another winning year to our mantle. We do this by putting together winning months and that starts by focusing on one good trade at a time. You can check out this week's watchlist below:

70 Replies 6 👍 15 🔥

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@ivtrades-Chris #ivtrades
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out of $PLNT...may very well trade to 65 but the stock moves slow and light + it has no respect for Implied Volatility of expected moves

76 Replies 9 👍 15 🔥

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@Marcosx #ivtrades
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they might announce more covid closures so PLNT might Rally on that lol

48 Replies 14 👍 12 🔥

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@ivtrades-Chris #ivtrades
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@everyone SELL TO CLOSE $PLNT NOV 20th 72.50 PUT @ 3.50 NOTE: I don't like the price action on PLNT here. The options are not acting how they should based on the IV and time to expiration. So let's take the small gain and let it go here. 

68 Replies 13 👍 9 🔥

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@ivtrades-Chris #ivtrades
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$PLNT such a p.i.t.a...sub 70 ...moves on air i tell ya

107 Replies 7 👍 15 🔥

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@ivtrades-Chris #ivtrades
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$PLNT pita

43 Replies 9 👍 13 🔥

JA
@JayS #ivtrades
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chris..PLNT finally at breakeven. do you still feel good about it? or should we close at scratch?

47 Replies 6 👍 8 🔥

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@steve66 #ivtrades
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escaped PLNT early didn't trust a lower trend woe look at the spy crashing

89 Replies 6 👍 11 🔥

DA
@danbrey #ivtrades
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Are we still waiting for PLNT to come down to $65?

78 Replies 11 👍 13 🔥

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@ivtrades-Chris #ivtrades
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not sure I like how $PLNT moves ....probably won't trade it again lol

41 Replies 6 👍 13 🔥

KH
@khasperg #ivtrades
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PLNT patience paid

107 Replies 13 👍 14 🔥

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@steve66 #ivtrades
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BA got coronaed it shouldn't have with the SW air buys but that's the mkt PLNT should be in the toilet and it's just wonky

69 Replies 8 👍 10 🔥

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@steve66 #ivtrades
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well PLNT trade makes sense but it's not even acting like their lousy earnings MKT reason isn't reason at all

60 Replies 8 👍 7 🔥

BR
@brppearl #ivtrades
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So far $PLNT is up from the previous support.

116 Replies 10 👍 8 🔥

BR
@brppearl #ivtrades
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sudden volume increase with nasty candle on $PLNT

137 Replies 11 👍 11 🔥

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@ivtrades-Chris #ivtrades
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focusing on individual movers + holding $PINS and $PLNT short...... $PINS under some early pressure here....as i admitted yesterday my entry sucked and I know why......sorry about that. Got stopped out partially yesterday and likely will get the rest taken out this morning..... no panic or rush....lot's of opportunities between now and end of month.

134 Replies 13 👍 8 🔥

DA
@DanP. #ivtrades
recently

$PLNT filled

68 Replies 15 👍 14 🔥

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@ivtrades-Chris #ivtrades
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A word about the r/r here on $PLNT... it may seem a little skewed but that is because of the volatility situation...we may end up taking this off long before 65 since IV could inch up + there is some support @ 68 ...let's see how she plays out

136 Replies 6 👍 13 🔥

KH
@khasperg #ivtrades
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$PLNT fillled

79 Replies 13 👍 13 🔥

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@ivtrades-Chris #ivtrades
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@everyone BUY TO OPEN $PLNT NOV 20th 72.50 PUT @ 2.50 STOP @ 78.50 on the underlying stock  EXIT @ 65.00 on the underlying stock  NOTE: Price action is suggesting more weakness near term & also comes against some UOA a week ago. 

62 Replies 7 👍 8 🔥

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@Benlax #droscrew
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some of the leisure stuff like wynn and plnt doesnt look half bad

128 Replies 7 👍 14 🔥

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@Xuyangz #ivtrades
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@matthewnitto this is for the $PLNT?

75 Replies 11 👍 10 🔥

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@RedSunCap #droscrew
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sold some INTC and PLNT on this stellar pop

41 Replies 14 👍 7 🔥

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@RedSunCap #droscrew
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damn PLNT through the moon today

62 Replies 8 👍 10 🔥

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@RedSunCap #droscrew
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PLNT getting more activitas

135 Replies 12 👍 15 🔥

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@dros #droscrew
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ah still spreading the plnt

103 Replies 10 👍 11 🔥

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@RedSunCap #droscrew
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1200 $PLNT Oct20 57.5/70 call spread bought

43 Replies 10 👍 12 🔥

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@RedSunCap #droscrew
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1200 $PLNT Oct20 57.5/70 call spread bought

103 Replies 11 👍 10 🔥

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@dros #droscrew
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6000 $PLNT JAN2021 $50 Ps sold, 6000 $62.5/$75 Call spreads bought

68 Replies 7 👍 9 🔥

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@dros #droscrew
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6000 $PLNT JAN2021 $50 Ps sold, 6000 $62.5/$75 Call spreads bought

104 Replies 13 👍 8 🔥

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@ivtrades-Chris #ivtrades
recently

like that $PLNT

106 Replies 7 👍 7 🔥

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@RedSunCap #ivtrades
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$PLNT great setup and flow

76 Replies 11 👍 14 🔥

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@RedSunCap #droscrew
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6k $PLNT Jan21 62.5/75 call spread bought

116 Replies 8 👍 14 🔥

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@RedSunCap #droscrew
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6k $PLNT Jan21 62.5/75 call spread bought

60 Replies 13 👍 14 🔥

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@dros #droscrew
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3700 $PLNT JAN2021 $100 Cs

120 Replies 6 👍 15 🔥

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@dros #droscrew
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3700 $PLNT JAN2021 $100 Cs

118 Replies 13 👍 11 🔥

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@MT #StockTraders.NET
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covered all PLnT reshort from yesterday’s 60s.

85 Replies 13 👍 15 🔥

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@MT #StockTraders.NET
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reshort $PLNT

88 Replies 8 👍 15 🔥

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@MT #StockTraders.NET
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covered all $PLNT

125 Replies 8 👍 12 🔥

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@MT #StockTraders.NET
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aded back 1/2 short PLNT

63 Replies 7 👍 15 🔥

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@MT #StockTraders.NET
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covered 1/2 $PLNT

111 Replies 6 👍 9 🔥

Key Metrics

Market Cap

6.41 B

Beta

1.41

Avg. Volume

838.71 K

Shares Outstanding

83.22 M

Yield

0%

Public Float

0

Next Earnings Date

2021-08-03

Next Dividend Date

Company Information

Founded in 1992 in Dover, NH, Planet Fitness is one of the largest and fastest-growing franchisors and operators of fitness centers in the United States by number of members and locations. As of September 30, 2020, Planet Fitness had more than 14.1 million members and 2,086 stores in 50 states, the District of Columbia, Puerto Rico, Canada, Panama, Mexico and Australia. The Company's mission is to enhance people's lives by providing a high-quality fitness experience in a welcoming, non-intimidating environment, which we call the Judgement Free Zone®. More than 95% of Planet Fitness stores are owned and operated by independent business men and women.

CEO: Christopher Rondeau

Website:

HQ: 4 Liberty Lane West Hampton, 03842 New Hampshire

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