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Why Planet Fitness Stock Is Plummeting Today

The gym chain's long-serving leader has been replaced by an interim CEO.

The Fitness Sector Survived The Pandemic And Added Square Footage, But Value Level Gyms Are Struggling - Planet Fitness (NYSE:PLNT)

When consumers had no choice but to work out at home during the pandemic, fitness centers were one of the most significant tenant risks. Both mom-and-pop gyms and those that relied on niche fitness were viewed as a sector that wouldn’t survive until people left their homes. 

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