Life Time Group Holdings Inc’s recently made public that its EVP & Chief Financial Officer Weaver Erik unloaded Company’s shares for reported $0.12 million on Oct 15 ’24. In the deal valued at $25.88 per share,4,662 shares were sold. As a result of this transaction, Weaver Erik now holds 75,866 shares worth roughly $1.74 million.
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Then, Partners Group Private Equity sold 650,000 shares, generating $13,572,000 in total proceeds. Upon selling the shares at $20.88, the Member of 10% Owner Group now owns 5,929,348 shares.
Before that, DANHAKL JOHN G sold 3,575,000 shares. Life Time Group Holdings Inc shares valued at $74,646,000 were divested by the Director at a price of $20.88 per share. As a result of the transaction, DANHAKL JOHN G now holds 55,166,700 shares, worth roughly $1.27 billion.
Craig Hallum initiated its Life Time Group Holdings Inc [LTH] rating to a Buy in a research note published on July 19, 2024; the price target was $30. A number of analysts have revised their coverage, including Northland Capital’s analysts, who began to cover the stock in late April with a ‘”an Outperform”‘ rating. Wells Fargo also remained covering LTH and has increased its forecast on October 04, 2023 with a “an Equal weight” recommendation from previously “an Underweight” rating.
Price Performance Review of LTH
On Monday, Life Time Group Holdings Inc [NYSE:LTH] saw its stock fall -2.17% to $23.00. Over the last five days, the stock has lost -10.85%. Life Time Group Holdings Inc shares have risen nearly 52.52% since the year began. Nevertheless, the stocks have risen 95.41% over the past one year. While a 52-week high of $27.11 was reached on 10/15/24, a 52-week low of $11.10 was recorded on 02/26/24. SMA at 50 days reached $24.47, while 200 days put it at $18.32.
Levels Of Support And Resistance For LTH Stock
The 24-hour chart illustrates a support level at 22.74, which if violated will result in even more drops to 22.48. On the upside, there is a resistance level at 23.51. A further resistance level may holdings at 24.02. The Relative Strength Index (RSI) on the 14-day chart is 37.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.77, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.27%. Stochastics %K at 11.68% indicates the stock is a buying.
How much short interest is there in Life Time Group Holdings Inc?
A steep rise in short interest was recorded in Life Time Group Holdings Inc stocks on 2024-10-15, dropping by -1.11 million shares to a total of 5.59 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 6.7 million shares. There was a decline of -19.78%, which implies that there is a negative sentiment for the stock.
