Categories: Coronavirus

Infection Report Causes Drop In Planet Fitness Shares

Planet Fitness shares fell 6.3 percent following reports of possible coronavirus infections at a West Virginia location, Bloomberg reported.

The popular gym chain, like other types of retailers, had been trying to open up again following months of mandated lockdowns due to the virus.

But one person testing positive for the virus has roiled those plans. According to news reports from a local station, as many as 2o5 people could have been infected by being in the same building within the past week.

According to Mary Wade Burnside, a spokeswoman for the Monongalia County Health Department in West Virginia, the infection occurred on June 24.

The press release from the health department says that anyone who was at the gym between 9 a.m. and 3 p.m. on that day should stay home and self-quarantine.

“They also should do their best to stay away from others in their household,” said Dr. Lee B. Smith, MCHD executive director and county health officer, according to the release. “Ways to do this would be to stay primarily in one area of the home and to wear a mask if you must be around others.”

A spokesperson for Planet Fitness, McCall Gosselin, said the gym would temporarily close "out of an abundance of caution" and would deep-clean the building before reopening, according to Bloomberg.

The news marks yet another addition to a list of misfired reopenings after months of coronavirus-related shutdowns. In the South and Southwest, several states have seen drastic rises in infections. West Virginia, thus far, has not been among them.

Planet Fitness stock was down 17 percent this year through June 26, Bloomberg reported.

According to data from the Centers for Disease Control and Prevention (CDC), only around 23 percent of Americans get the recommended amount of exercise per week. That population has had to make do with digital fitness classes and at-home exercise gear since the pandemic set in. Some gyms have been offering equipment rentals and other innovations to try and retain members.

Get our hottest stories delivered to your inbox.

Sign up for the PYMNTS.com Newsletter to get updates on top stories and viral hits.

——————————

PYMNTS TV LIVE OCTOBER SERIES: B2B PAYMENTS 2021 – WHAT WILL YOU CHANGE?

Banks, corporates and even regulators now recognize the imperative to modernize — not just digitize —the infrastructures and workflows that move money and data between businesses domestically and cross-border. Together with Visa, PYMNTS invites you to a month-long series of livestreamed programs on these issues as they reshape B2B payments. Masters of modernization share insights and answer questions during a mix of intimate fireside chats and vibrant virtual roundtables.

Recent Posts

SPACs Now Comprise 20 Pct Of Market, Apollo's Harris Says

Alternative investment firm Apollo Global Management Co-Founder Josh Harris said he thinks the trend of…

14 mins ago

Google Unveils New Chromecast With Google TV

Google unveiled Chromecast with Google TV at its annual hardware event Wednesday (Sept. 30), the…

1 hour ago

Payroll Management Firm Papaya Global Notches $40M In Series B

Global payroll company Papaya Global has landed $40 million in a Scale Venture Partners-led funding…

1 hour ago

Zomato, Swiggy Reprimanded By Google Over In-App Payments

Food delivery apps Zomato and Swiggy have been put on notice by the Google Play…

2 hours ago

Banks Push Back On Possible Banking Charters For Big Techs Like Amazon And Facebook

A U.S. House committee this week began reviewing the idea of allowing the likes of…

2 hours ago

Memo Bank Launches Interest-Bearing Account For Businesses

Paris-based business bank Memo Bank is offering a new product three months after obtaining its…

2 hours ago