Planet Fitness shares sink after board ousts CEO in shocking move
Publishing timestamp: 2023-09-15 16:12:29
Summary
Planet Fitness stock fell to a 52-week low after the sudden ousting of CEO Chris Rondeau. The company is searching for a new CEO and former New Hampshire governor Craig Benson will serve as interim CEO. Rondeau's departure appears abrupt and it is unclear what triggered the decision. Despite strong second-quarter earnings, investors have grown wary of the company's plans for equipment and new franchises. The stock is down 36% this year.
Sentiment: NEGATIVE
Tickers: PLNT,
Keywords: health care industry, breaking news: business, planet fitness inc, earnings, business news, business, retail industry,
Source: https://www.cnbc.com/2023/09/15/planet-fitness-shares-sink-after-board-ousts-ceo.html