Planet Fitness Shares Fall 31 Percent
Reddit shares dropped nearly 25% following a first quarter report. Daily active users for the quarter missed the average analyst estimate. The stock is among the most actively traded this morning. The stock experienced a 20 percent decline. ExxonMobil and Chevron both saw declines of approximately 0.1 percent during the same period. The S&P 500 reached an intraday record of 7,247. Shares of gym chain Planet Fitness tumbled 31 percent today. The decline follows reports that sign-ups at the start of the year were significantly lower than usual. Analysts suggest consumers are holding back on spending. The NASDAQ fell by 33 points and the S&P lost 28 points during the same period. Oil prices remained flat, closing at $95 a barrel.
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Sources · 7 independent
Bloomberg Radio
“it's one of the most actively traded stocks this morning, it is down close to 25%. Daily active users for the first quarter missed the average analyst estimate.”
Bloomberg Radio
“Roblox among the most actively traded it is humbling first quarter users falling short of analysts expectations 20 percent decline for this stock”
Bloomberg Radio
“Shares of Planet Fitness tumbling 31% today. Sign-ups at the start of this year, usually the busiest time of year for the gym chain or any chain, were way down.”
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