Avoid This Gym Stock as Vaccine Mandates Increase

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However, with major U.S. cities now imposing full COVID-19 vaccination mandates on customers and employees of gyms, restaurants, and other entertainment venues, shares of the fitness operator have dipped 5.8% over the past five days and 2.5% over the past month. Furthermore, PLNT is currently trading 20.8% below its 52-week price high of $90.34, which it hit on February 25, 2021.

With the seven-day average of daily coronavirus cases surpassing the peak seen last summer, more states are expected to impose new restrictions and announce vaccine mandates. This could cause a further decline in PLNT’s stock price.

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