The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. TKO Group Holdings Inc shares valued at $164,999,973 were sold by MCMAHON VINCENT K on Apr 10 ’24. At $89.01 per share, MCMAHON VINCENT K sold 1,853,724 shares. The insider’s holdings dropped to 8,021,405 shares worth approximately $848.18 million following the completion of this transaction.
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Also, Whitesell Patrick purchased 1,642,970 shares, netting a total of over 146,240,760 in proceeds. Following the buying of shares at $89.01 each, the insider now holds 1,642,970 shares.
Before that, Emanuel Ariel had added 1,642,970 shares to its account. In a trade valued at $146,240,760, the Chief Executive Officer bought TKO Group Holdings Inc shares for $89.01 each. Upon closing the transaction, the insider’s holdings increased to 1,642,970 shares, worth approximately $173.73 million.
As published in a research note from TD Cowen on May 15, 2024, TKO Group Holdings Inc [TKO] has been rated up from a Hold to a Buy and the price target has been revised to $127 from $92. Analysts at BofA Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in mid March. As of March 07, 2024, Goldman has initiated its “Buy” rating for TKO. Earlier on February 14, 2024, Morgan Stanley initiated its rating. Their recommendation was “an Equal-weight” for TKO stock.
Analyzing TKO Stock Performance
During the last five days, there has been a surge of approximately 0.99%. Over the course of the year, TKO Group Holdings Inc shares have jumped approximately 29.62%. Nevertheless, trading volume fell to 0.54 million shares from 0.95 million shares the previous day.
Support And Resistance Levels for TKO Group Holdings Inc (TKO)
According to the 24-hour chart, there is a support level at 104.73, which, if violated, would cause prices to drop to 103.72. In the upper region, resistance lies at 106.97. The next price resistance is at 108.20. RSI (Relative Strength Index) is 70.80 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.01, which suggests the price will increase in the coming days. Percent R is at 26.26%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
