Why F45 Training's Stock Jumped on Tuesday
Shares of F45 Trailing Holdings (NYSE: FXLV) beat the market in early trading on Tuesday, rising 17% by 11 a.m. ET compared to a 0.4% increase in the wider market. The boost didn't do much to erase recent losses, though, as the stock remains down nearly 80% so far in 2022.
That wider slump laid the groundwork for Tuesday's bounce, which appears to be driven mainly by short-term volatility.
F45 Training, which operates gym studios around the world, didn't issue any operating updates that might explain such a big price swing. Its last update, in mid-August, showed modest sales growth of 12% thanks to the combination of an expanding base of franchisees and higher spending at existing locations. Yet investors are still worried about the company's slowing sales trends, which are pressuring earnings .
Source Fool.com
