Planet Fitness Ex-CEO Dumps $66 million in stock

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by stockocean

Chris Rondeau was CEO of planet fitness for the last 10 years and had worked there for 30 years. He was surprisingly ousted in September for unknown reasons.

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The stock cratered 25% on the news from $60 to $45. However, the stock has recovered over the last few months to $68 currently.

Today, he sold 1 million shares for $66 million, which represents 50% of his stake in the company… https://app.stockocean.com/company/plnt

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What the heck is going on at Planet Fitness??