Keep an eye on oversold shares of Planet Fitness (PLNT). After falling from about $84 to $60 on poor first quarter earnings, the stock is showing big signs of life again. For one, summer is around the corner, with many folks fighting to get into beach bod shape. Two, CEO Chris Rondeau just bought another 10.,000 shares for $650,000. Three, analysts like the stock. RBC Capital just initiated an outperform rating on the PLNT stock, for example. Even Piper Sandler analysts just raised their price target on PLNT to $98 from $96, with an overweight rating.
Planet Fitness (PLNT)
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