TKO Group Holdings Inc’s recent filing unveils 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 $843.61 million.
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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 $172.79 million.
TD Cowen upgraded its TKO Group Holdings Inc [TKO] rating to a Buy from a a Hold in a research note published on May 15, 2024; the price target was increased to $127 from $92. A number of analysts have revised their coverage, including BofA Securities’s analysts, who began to cover the stock in mid March with a ‘”a Buy”‘ rating. Goldman began covering TKO with “Buy” recommendation on March 07, 2024. Morgan Stanley started covering the stock on February 14, 2024. It rated TKO as “an Equal-weight”.
Price Performance Review of TKO
On Friday, TKO Group Holdings Inc [NYSE:TKO] saw its stock fall -2.10% to $105.17. Over the last five days, the stock has lost -2.41%. TKO Group Holdings Inc shares have risen nearly 28.92% since the year began. Nevertheless, the stocks have risen 7.07% over the past one year. A total of 0.76 million shares were traded, compared to the trading of 0.47 million shares in the previous session.
Levels Of Support And Resistance For TKO Stock
The 24-hour chart illustrates a support level at 104.23, which if violated will result in even more drops to 103.28. On the upside, there is a resistance level at 106.55. A further resistance level may holdings at 107.92. The Relative Strength Index (RSI) on the 14-day chart is 49.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.98, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.04%. Stochastics %K at 27.93% indicates the stock is a holding.
The most recent change occurred on February 12, 2024 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $120 price target.
