Planet Fitness Tumbles on Report of Potential Virus Exposure

Planet Fitness Inc. skidded as much as 6.3% following a news report that more than 200 people may have been exposed to the coronavirus at a West Virginia location of the gym chain.

A client at the Planet Fitness gym in Morgantown tested positive for the virus, raising the possibility that patrons were exposed on June 24, said Mary Wade Burnside, a spokeswoman for the Monongalia County Health Department. Pittsburgh TV station KDKA reported the exposure earlier Monday.

A Planet Fitness representative didn’t immediately respond to a request for comment.

The news is another hiccup in a tense reopening of businesses around the country after coronavirus lockdowns. Several states in the South and Southwest are experiencing rapid rises in Covid-19 cases, although West Virginia hasn’t had a major new outbreak.

38,845 in U.S.Most new cases today

-10% Change in MSCI World Index of global stocks since Wuhan lockdown, Jan. 23

-1.​085 Change in U.S. treasury bond yield since Wuhan lockdown, Jan. 23

-2.​3% Global GDP Tracker (annualized), May

Planet Fitness shares lost as much as $3.88 to $57.74 in New York trading Monday, before moderating the decline. The stock was down 17% this year through June 26.

— With assistance by Janet Freund

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