Why Planet Fitness Was Down 28% in March
Shares of Planet Fitness (NYSE: PLNT) sold off roughly 28% in March, according to data provided by S&P Global Market Intelligence -- and that was after temporarily regaining lost ground. At one point, shares were down nearly 60% as investors assessed the impact of the company closing its gym locations due to the COVID-19 pandemic.
So far in April, shares have resumed their downward march -- down over 20% as of this writing.
Image source: Getty Images.
Source Fool.com
