Stock Prices Rising for Reopened Gyms in the UK
Anyone who doubted the value of gyms and health clubs prior to 2020 ought to have a different opinion these days. These brick and mortar facilities among those hit the hardest by the COVID-19 restrictions. Not only did they withstand the pandemic’s economic blow, gyms are regaining their strength faster than most anticipated. With restrictions lifted and vaccines available to all, stock prices have soared and memberships have climbed back up close to pre-pandemic levels in some cases. Pure Gym’s member base had recovered to 91% as of May 9 and Gym Group Plc’s stock has jumped about 28% this year, according to a recent Bloomberg article. Read more.