Planet Fitness (PLNT) in Focus: Stock Jumps 6.9%

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Planet Fitness, Inc. (PLNT – Snapshot Report) was a big mover last session, as the company saw its shares rise roughly 7% on the day. Shares moved up after the company beat Street expectations for earnings and revenues in its third quarter 2015. This led to solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down 4.1% in the past one-month time frame.

This leisure and recreation services industry stock witnessed six positive estimate revisions over the past 30 days. The Zacks Consensus Estimate also moved up over the same time frame, suggesting that more solid trading could be ahead for Planet Fitness. So make sure to keep an eye on this stock going forward to see if Friday’s jump can turn into more strength down the road.

Planet Fitness has a Zacks Rank #2 (Buy).