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TKO (TKO Group Holdings Inc) may reap gains as insiders became active recently

TKO Group Holdings Inc’s filing revealed that its 10% Owner MCMAHON VINCENT K unloaded Company’s shares for reported $165.0 million on Apr 10 ’24. In the deal valued at $89.01 per share,1,853,724 shares were sold. As a result of this transaction, MCMAHON VINCENT K now holds 8,021,405 shares worth roughly $797.25 million.

Then, Whitesell Patrick bought 1,642,970 shares, generating $146,240,760 in total proceeds. Upon buying the shares at $89.01, the 10% Owner now owns 1,642,970 shares.

Before that, Emanuel Ariel bought 1,642,970 shares. TKO Group Holdings Inc shares valued at $146,240,760 were divested by the Chief Executive Officer at a price of $89.01 per share. As a result of the transaction, Emanuel Ariel now holds 1,642,970 shares, worth roughly $163.29 million.

BofA Securities initiated its TKO Group Holdings Inc [TKO] rating to a Buy in a research note published on March 15, 2024; the price target was $100. A number of analysts have revised their coverage, including Goldman’s analysts, who began to cover the stock in early March with a ‘”a Buy”‘ rating. Morgan Stanley began covering TKO with “an Equal-weight” recommendation on February 14, 2024. Jefferies started covering the stock on February 12, 2024. It rated TKO as “a Buy”.

Price Performance Review of TKO

On Monday, TKO Group Holdings Inc [NYSE:TKO] saw its stock fall -0.61% to $99.39. Over the last five days, the stock has gained 0.89%. TKO Group Holdings Inc shares have risen nearly 21.83% since the year began. Nevertheless, the stocks have fallen -1.45% over the past one year. A total of 0.7 million shares were traded, compared to the trading of 1.21 million shares in the previous session.

Levels Of Support And Resistance For TKO Stock

The 24-hour chart illustrates a support level at 98.57, which if violated will result in even more drops to 97.75. On the upside, there is a resistance level at 100.64. A further resistance level may holdings at 101.88. The Relative Strength Index (RSI) on the 14-day chart is 67.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.87, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 28.39%. Stochastics %K at 70.27% indicates the stock is a holding.

The most recent change occurred on February 06, 2024 when Northcoast began covering the stock and recommended ‘”a Buy”‘ rating along with a $105 price target.

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