Planet Fitness Inc
Planet Fitness shares fall as company announces new CEO, though analysts see upside
A portrait of Colleen Keating. Courtesy of Planet Fitness Planet Fitness announced Tuesday that Colleen Keating will take over as the fitness club’s new CEO, effective June 10. Craig Benson, who has been serving as interim CEO since the departure of Chris Rondeau in September, will remain on the board of directors. The announcement comes […]
Read More
Planet Fitness shares surge as company raises revenue outlook
A person works out at Planet Fitness as they re-open at 25 percent capacity in Boston’s Dorchester on Feb. 1, 2021. Jessica Rinaldi | Boston Globe | Getty Images Planet Fitness shares surged double-digits after beating expectations on both lines for the third quarter and raising its outlook for the year. Here’s how the company […]
Read More
Planet Fitness shares sink 15% after board ousts CEO in shocking move
Chris Rondeau, CEO of Planet Fitness Adam Jeffery | CNBC In a move that stunned investors and employees alike, Planet Fitness ousted company veteran Chris Rondeau from his post as CEO, the workout chain said Friday in a press release. The stock dropped 15% in the wake of the announcement, hitting a 52 week low. […]
Read More
Bed Bath & Beyond store closures will kick off a land grab for fast-growing retailers
A closed Bed Bath & Beyond store in San Francisco, California, US, on Monday, April 24, 2023. David Paul Morris | Bloomberg | Getty Images In strip malls across the country, Bed Bath & Beyond stores have “Closing Soon” signs. For other retailers, those may as well be “For Rent” signs. The home goods retailer, […]
Read More
Consumers are going to trade down in a big way this year — How to play it from Bank of America
Amid inflation and a pending recession, consumers are looking to rein in spending — and that means certain “trade-down” stocks will outperform this year, according to Bank of America. Consumers have already been cutting back, with retail sales falling 1.1% in December from November. Inflation is still high, although it’s beginning to ease. Meanwhile, Bank […]
Read More
Jim Cramer picks his favorite travel, restaurant, live entertainment and gym stocks
CNBC’s Jim Cramer on Tuesday gave investors a list of stocks he believes fit Americans’ spending habits after navigating the Covid pandemic for the last three years. “The biggest theme is the rise of this ‘life is too short’ mentality. People don’t want to waste their time anymore,” he said. More specifically, investors should eye […]
Read More
Bank of America’s 2023 small cap picks include one tech stock it expects to double
With recession fears mounting for 2023, Bank of America has small-cap picks it expects will be resilient in a downturn — and even have some upside. All three major averages are higher to start the new year on the back of data that suggested a inflation may be cooling. Investors are hopeful the numbers could […]
Read More
Gyms and at-home fitness battle for prominence this holiday season
Brody Longo works out on his Peloton exercise bike on April 16, 2021 in Brick, New Jersey. Michael Loccisano | Getty Images The fitness industry appears headed for a strong holiday season, but not everyone will see a boost. The category has been on a rollercoaster for more than two years, with the Covid pandemic […]
Read More
Stocks making the biggest moves midday: Lyft, Tripadvisor, Take-Two Interactive and more
Check out the companies making headlines in midday trading. Lyft – Shares of Lyft plummeted 21% after the company’s earnings report showed mixed results in the last quarter. The rideshare company reported adjusted earnings per share of 10 cents, more than analysts’ expectations of 7 cents, but revenue fell short of the Street’s forecast, coming […]
Read More
Shares creating the most important moves in the premarket: Consider-Two Interactive, Lyft, TripAdvisor and more
view now Movie:5200:52 Wall Road established to open up better forward of midterm elections Morning Report Consider a search at some of the biggest movers in the premarket: Choose-Two Interactive (TTWO) – Consider-Two tanked 17.4% in the premarket right after the videogame publisher lower its bookings outlook for the 12 months. Get-Two has been impacted […]
Read More