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Torque Asset Management Buys $4 Million of Planet Fitness Amid Stock's 54% Decline in 2026

Torque Asset Management Buys $4 Million of Planet Fitness Amid Stock's 54% Decline in 2026: https://cdn.content.foolcdn.com/images/1umn9qeh/production/6692d59793d1ea90a718aa18b7a3ace7f41e99ee-1401x1251.png?w=800&q=75&fit=max&auto=format
Torque Asset Management Buys $4 Million of Planet Fitness Amid Stock's 54% Decline in 2026

According to its SEC filing dated May 15, 2026, Torque Asset Management LLC established a new stake in Planet Fitness (NYSE:PLNT), acquiring 49,500 shares. The estimated transaction value was $4.35

It’s wild how corporate gyms are losing ground as people realize they don't need pricey memberships to stay in shape. Everyone is looking for smarter, more accessible ways to look after their health at home now. I was searching for alternative routines myself and found this super helpful thread discussing the Harnafit Tai Chi walking program https://www.reddit.com/r/workout/comments/1sex03q/tying_harnafit_tai_chi_walking_program_anyone/  which totally opened my eyes to mindful, low-impact exercise. It really highlights how the whole industry is shifting toward practical, everyday fitness that doesn't break the bank.

This statistic is quite surprising survival race.