Why Planet Fitness Stock Fell 18% in September
Shares of Planet Fitness (NYSE: PLNT) weren't looking so fit last month. The discount gym's stock dropped 18%, according to data from S&P Global Market Intelligence.
There was no company-specific news out on Planet Fitness. Rather, the stock seemed to drop as investor sentiment turned after the stock peaked over the summer. Meanwhile, investors seemed to be moving away from growth stocks more generally. A number of high-priced stocks fell last month, as investors instead piled into value plays in the retail and energy sectors, among others.
Image source: Planet Fitness.
Source Fool.com
