Search Weight Loss Topics:

Home » Fitness » Planet Fitness Pumped Higher on Expected Reopening – TheStreet

Investors were pumping shares of Planet Fitness (PLNT) - Get Reporthigher on Friday on expectations that the gym and fitness chain will be among the first allowed to reopen its doors under President Donald Trumps guidelines for easing the lockdown amid the coronavirus pandemic.

Planet Fitness stock was up 10% at $55.11 in trading on Friday following Trumps phase one recommendations to restart the U.S. economy that would allow it to open itself back up - so long as it adheres to strict physical distancing and sanitation protocols.

The administration's 18-page guidance document, revealed on Thursday,details three phases to reopen state economies, with each phase lasting, at minimum, 14 days.

Phase one includes much of the current lockdown measures such as avoiding non-essential travel and not gathering in groups, though it says large venues such as restaurants, places of worship and sports venues "can operate under strict physical distancing protocols."

Gym operators have been hit particularly hard during the pandemic and ensuing shutdown of all non-essential businesses, which has left them with rent and other overhead costs but no income from monthly memberships.

Meantime, at-home fitness equipment and exercise-training providers have performed well through the Covid-19 crisis, with the likes of Peloton (PTON) - Get Reportand Nautilus (NLS) - Get Reportposting solid gains in recent weeks as fitness buffs move to workouts from home.

Shares of Peloton were down 7.54% at $33.61 in trading on Friday, while shares of Nautilus were down 9.14% at $4.67.

Marketing itself as a "Judgment Free Zone" that caters to novice and casual gym users,Hampton, N.H.-based Planet Fitness operates 1,859 clubs throughout the U.S., Canada and Central America.

Read the original here:
Planet Fitness Pumped Higher on Expected Reopening - TheStreet

Your Full Name
Your Email
Your Phone Number
Select your age (30+ only)	30313233343536373839404142434445464748495051525354555657585960616263646566676869707172737475767778798081828384858687888990919293949596979899100101102103104105106107108109110111112113114115116117118119120
Select Your US State	Select Your StateAlabamaAlaskaArizonaArkansasCaliforniaColoradoConnecticutDelawareFloridaGeorgiaHawaiiIdahoIllinoisIndianaIowaKansasKentuckyLouisianaMaineMarylandMassachusettsMichiganMinnesotaMississippiMissouriMontanaNebraskaNevadaNew HampshireNew JerseyNew MexicoNew YorkNorth CarolinaNorth DakotaOhioOklahomaOregonPennsylvaniaRhode IslandSouth CarolinaSouth DakotaTennesseeTexasUtahVermontVirginiaWashingtonWashington,DCWest VirginiaWisconsinWyoming
Program Choice	Select Your ProgramInjectable HGHInjectable TestoteroneInjectable SermorelinInjectable Weight LossInjectable HCG DietInjectable Vitamins
Confirm over 30 years old	Yes
Confirm that you resident in USA	Yes
This is a Serious Inquiry	Yes
Message:

Home » Fitness » Planet Fitness Pumped Higher on Expected Reopening – TheStreet