Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Life Time Group Holdings Inc shares valued at $486,947 were sold by Javaheri Parham on Mar 13 ’24. At $14.40 per share, Javaheri Parham sold 33,816 shares. The insider’s holdings dropped to 253,893 shares worth approximately $3.71 million following the completion of this transaction.
Also, Weaver Erik sold 860 shares, netting a total of over 11,842 in proceeds. Following the sale of shares at $13.77 each, the insider now holds 65,528 shares.
Before that, Singh Ritadhwaja Jebens had sold 10,828 shares from its account. In a trade valued at $147,368, the EVP & CHIEF DIGITAL OFFICER traded Life Time Group Holdings Inc shares for $13.61 each. Upon closing the transaction, the insider’s holdings decreased to 10,828 shares, worth approximately $2.94 million.
As published in a research note from Wells Fargo on October 04, 2023, Life Time Group Holdings Inc [LTH] has been rated up from an Underweight to an Equal weight and the price target has been revised to $17. As of August 11, 2022, Wells Fargo has decreased its “an Equal weight” rating to a “an Underweight” for LTH. Earlier on November 01, 2021, Wells Fargo initiated its rating. Their recommendation was “an Equal weight” for LTH stock.
Analyzing LTH Stock Performance
During the last five days, there has been a drop of approximately -0.82%. Over the course of the year, Life Time Group Holdings Inc shares have dropped approximately -3.18%. Shares of the company reached a 52-week high of $15.81 on 04/01/24 and a 52-week low of $11.89 on 02/26/24. A 50-day SMA is recorded $13.84, while a 200-day SMA reached $15.49. Nevertheless, trading volume fell to 0.57 million shares from 0.54 million shares the previous day.
Support And Resistance Levels for Life Time Group Holdings Inc (LTH)
According to the 24-hour chart, there is a support level at 14.47, which, if violated, would cause prices to drop to 14.34. In the upper region, resistance lies at 14.75. The next price resistance is at 14.90. RSI (Relative Strength Index) is 52.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.15, which suggests the price will decrease in the coming days. Percent R is at 59.02%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Life Time Group Holdings Inc subject to short interest?
Stocks of Life Time Group Holdings Inc saw a sharp steep in short interest on Mar 15, 2024 dropping by -0.28 million shares to 7.7 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 7.98 million shares. A decline of -3.64% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 6.73 of the overall float, the days-to-cover ratio (short ratio) decline to 6.73.
