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 $653,507 were purchased by Akradi Bahram on May 31 ’24. At $16.76 per share, Akradi Bahram acquired 39,000 shares. The insider’s holdings grew to 1,414,613 shares worth approximately $26.84 million following the completion of this transaction.
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Also, Javaheri Parham sold 33,816 shares, netting a total of over 486,947 in proceeds. Following the sale of shares at $14.40 each, the insider now holds 253,893 shares.
Before that, Weaver Erik had sold 860 shares from its account. In a trade valued at $11,842, the SVP, INTERIM CFO & CONTROLLER traded Life Time Group Holdings Inc shares for $13.77 each. Upon closing the transaction, the insider’s holdings decreased to 860 shares, worth approximately $1.24 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 3.27%. Over the course of the year, Life Time Group Holdings Inc shares have jumped approximately 25.80%. Shares of the company reached a 52-week high of $19.12 on 06/27/24 and a 52-week low of $11.89 on 02/26/24. A 50-day SMA is recorded $16.01, while a 200-day SMA reached $14.72. Nevertheless, trading volume fell to 0.71 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 18.69, which, if violated, would cause prices to drop to 18.40. In the upper region, resistance lies at 19.19. The next price resistance is at 19.40. RSI (Relative Strength Index) is 74.13 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.57, which suggests the price will decrease in the coming days. Percent R is at 7.73%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
