PLNT
Dip? What dip?
Planet Fitness has had a rough 2026 — the stock is down a brutal 54% — but Torque Asset Management apparently looked at that chart and saw a clearance rack instead of a fire sale.
The firm bought 49,500 shares, with the trade estimated at about $4.35 million based on the quarterly average price. That’s not exactly pocket change, and it puts the move squarely in the “someone sees value here” bucket.
Why you should care
Institutional buys don’t guarantee a turnaround. Sometimes a fund is just nibbling. Sometimes it’s building a position. And sometimes it’s making a bet that the market has oversold the story and left the gym chain trading like it forgot leg day.
For investors, the key question is whether this is the start of smarter money stepping in — or just one firm taking a swing while the stock is still in the penalty box.
Big picture: when a stock is down this hard, even a modest buy can look like a message: maybe the selloff got ahead of the fundamentals.