September 8, 2024

[ad_1]

Cramer’s Stop Trading: Planet Fitness

Planet Fitness (PLNT) tumbled more than 5% on Tuesday on a slew of Wall Street downgrades. JPMorgan and Jefferies both cut their rating for the gym franchise following long-time CEO Chris Rondeau’s abrupt departure from the company. 

If you like this story, sign up for Jim Cramer’s Top 10 Morning Thoughts on the Market email newsletter for free.

Jefferies downgraded Planet Fitness shares to hold from buy, cutting its price target to $56 apiece from $90 apiece, citing the “recent leadership change, higher interest rates, and ongoing inflationary pressures are likely to continue to impact the company’s near-term growth potential.”

CNBC’s Jim Cramer agrees with analysts, adding that the market’s reaction is telling of how vital the veteran executive was to the workout chain. “He was the company for heaven’s sake,” Cramer said, citing Rondeau’s long tenure, where he worked his way up from a front desk position nearly 30 years ago at the gym’s first location.

Here’s a full list of the stocks in Jim’s Charitable Trust, the portfolio used by the CNBC Investing Club.

[ad_2]

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *

Batman138 Bro138 Dolar138 Gas138 Gudang138 Hoki99 Ligaciputra Panen77 Zeus138 Kilat77 Planet88 Gaspol168 Sikat88 Rupiah138 Garuda138 Gacor77 Roma77 Sensa138 Panen138 Slot138 Gaco88 Elanggame Candy99 Cair77 Max7 Best188 Space77 Sky77 Luxury777 Maxwin138 Bosswin168 Cocol88 Slot5000 Babe138 Luxury138 Jet77 Bonanza138 Bos88 Aquaslot Taktik88 Lord88 Indobet Slot69 Paus138 Tiktok88 Panengg Bingo4d Stars77 77dragon Warung168 Receh88 Online138 Tambang88 Asia77 Klik4d Bdslot88 Gajah138 Bigwin138 Markas138 Yuk69 Emas168 Key4d Harta138  Gopek178 Imbaslot Imbajp Deluna4d Luxury333 Pentaslot Luxury111 Cair77 Gboslot Pandora188 Olxtoto Slotvip Eslot Kuy138 Imbagacor Bimabet