Planet Fitness Reverses Wednesday's Loses And More

Planet Fitness

shares are trading higher by $1.90 at $18.81 in Thursday's session. The issue was hit hard on Wednesday when it announced a $10M share offering at $16.50, falling from Tuesday's close to $18.24 to $16.91. All is forgotten about the offering in today's session. It higher opening print of $17.45 has turned out to be the low for the session. It has continued to make new highs for the day, with current one standing at $18.90. If the rally continues the next high based on the daily charts comes in at its June 17 high ($19.20).