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 $4.19 million following the completion of this transaction.
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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 $3.33 million.
As published in their initiating research note from Northland Capital on April 23, 2024, Life Time Group Holdings Inc [LTH] has been an Outperform and the price target has been revised to $23. Analysts at Wells Fargo upgraded the stock from ‘”an Underweight”‘ to ‘”an Equal weight”‘ outlook in a report released in early October. Earlier on August 11, 2022, Wells Fargo downgraded its rating. Their new recommendation was “an Underweight” for LTH stock which previously was a “an Equal weight”.
Analyzing LTH Stock Performance
During the last five days, there has been a surge of approximately 10.15%. Over the course of the year, Life Time Group Holdings Inc shares have jumped approximately 9.42%. Shares of the company reached a 52-week high of $16.79 on 05/22/24 and a 52-week low of $11.89 on 02/26/24. A 50-day SMA is recorded $14.64, while a 200-day SMA reached $14.63. Nevertheless, trading volume fell to 1.24 million shares from 0.83 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 15.93, which, if violated, would cause prices to drop to 15.36. In the upper region, resistance lies at 16.93. The next price resistance is at 17.36. RSI (Relative Strength Index) is 68.60 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.84, which suggests the price will decrease in the coming days. Percent R is at 10.34%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
