Shares of Planet Fitness are lower after the Wall Street Journal’s Spencer Jakab yesterday recommended investors take advantage of the stock’s recent rally to lock in profits. “People are eager for a return to normal, but many have bought home exercise equipment and could remain wary of panting strangers,” Jakab wrote in the Journal’s Heard on the Street column. Planet Fitness trades stock trading at 60 times next year’s earnings despite continued uncertainty from Covid-19, he adds. Shares of the gym owner are down 3% to $73.55 in afternoon trading.