Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. TKO Group Holdings Inc shares valued at $3,560,544 were sold by SHAPIRO MARK S on Sep 16 ’24. At $114.76 per share, SHAPIRO MARK S sold 31,026 shares. The insider’s holdings dropped to 42,156 shares worth approximately $5.25 million following the completion of this transaction.
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Also, MARK SHAPIRO purchased 60,651 shares, netting a total of over 7,086,463 in proceeds.
Before that, Khan Nick had sold 23,509 shares from its account. In a trade valued at $2,492,659, the Director traded TKO Group Holdings Inc shares for $106.03 each. Upon closing the transaction, the insider’s holdings decreased to 23,509 shares, worth approximately $24.47 million.
As published in their initiating research note from Pivotal Research Group on September 13, 2024, TKO Group Holdings Inc [TKO] has been a Buy and the price target has been revised to $170. As of July 18, 2024, Redburn Atlantic has initiated its “Buy” rating for TKO. Earlier on May 15, 2024, TD Cowen upgraded its rating. Their new recommendation was “a Buy” for TKO stock which previously was a “a Hold”.
Analyzing TKO Stock Performance
During the last five days, there has been a surge of approximately 8.27%. Over the course of the year, TKO Group Holdings Inc shares have jumped approximately 52.61%. Shares of the company reached a 52-week high of $125.49 on 09/19/24 and a 52-week low of $75.35 on 01/18/24. A 50-day SMA is recorded $113.70, while a 200-day SMA reached $96.95. Nevertheless, trading volume fell to 1.05 million shares from 1.06 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 123.22, which, if violated, would cause prices to drop to 121.93. In the upper region, resistance lies at 125.64. The next price resistance is at 126.77. RSI (Relative Strength Index) is 73.44 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.24, which suggests the price will increase in the coming days. Percent R is at 8.03%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
