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.
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
What the heck is going on at Planet Fitness??