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Planet Fitness Inc Inc. (PLNT) Price Performance: The Role of Share Buybacks and Stock Splits

HCCC Stock

The stock price performance over the year has been a mixed bag, resulting in a range of outlooks from optimistic to pessimistic depending on the observer. Year to date metric has recorded a loss of -19.66%.However, over the last six months, we can see a weaker performance of 6.02%. Over the last 30 days, the price of PLNT has fallen by 3.88%. And in the last five days, it has fallen by -6.31%.

In terms of market performance, Planet Fitness Inc had a fairly uneven. The highest value for the stock in the past year was $84.48 on 05/01/23, and the lowest value was recorded at $44.13 on 09/26/23.

52-week price history of PLNT Stock

Examining the 52-week high and low prices can provide valuable insights into a stock’s current status and future performance. Planet Fitness Inc’s current trading price is -30.58% away from its 52-week high, while its distance from the 52-week low is 32.90%. The stock’s price range during this time has been between $44.13 and $84.48. The trading volume for the Consumer Cyclical sector company’s shares reached about 1.85 million for the day, which was higher than the average daily volume of 1.71 million over the last three months.

Market Capitalization vs. Financial Performance: A Comparative Study

Planet Fitness Inc (PLNT) has experienced a quarterly decline of -21.72% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 5.11B and boasts a workforce of 3411 employees.

Combining Moving Average and Trading Volume Data for Better Market Insight

Based on Barchart.com data, the company’s moving average over the 100-day period was 66.97, with a change in price of -7.27. Similarly, Planet Fitness Inc recorded 1,498,286 in trading volume during the last 100 days, posting a change of -11.03%.

PLNT Stock Stochastic Average

Today, Planet Fitness Inc’s raw stochastic average for the past 50 days stands at 26.20%, indicating a rise from the raw stochastic average of the last 20 days, which was 17.97%. Moreover, the company’s Stochastic %K and %D values over the past 20 days were 40.26% and 54.64% respectively.