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. Life Time Group Holdings Inc shares valued at $120,653 were sold by Weaver Erik on Oct 15 ’24. At $25.88 per share, Weaver Erik sold 4,662 shares. The insider’s holdings dropped to 75,866 shares worth approximately $1.87 million following the completion of this transaction.
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Also, Partners Group Private Equity sold 650,000 shares, netting a total of over 13,572,000 in proceeds. Following the sale of shares at $20.88 each, the insider now holds 5,929,348 shares.
Before that, DANHAKL JOHN G had sold 3,575,000 shares from its account. In a trade valued at $74,646,000, the Director traded Life Time Group Holdings Inc shares for $20.88 each. Upon closing the transaction, the insider’s holdings decreased to 3,575,000 shares, worth approximately $1.36 billion.
As published in their initiating research note from Craig Hallum on July 19, 2024, Life Time Group Holdings Inc [LTH] has been a Buy and the price target has been revised to $30. Analysts at Northland Capital started covering the stock with ‘”an Outperform”‘ outlook in a report released in late April. As of October 04, 2023, Wells Fargo has increased its “an Underweight” rating to a “an Equal weight” for LTH.
Analyzing LTH Stock Performance
During the last five days, there has been a surge of approximately 10.64%. Over the course of the year, Life Time Group Holdings Inc shares have jumped approximately 63.46%. Shares of the company reached a 52-week high of $27.11 on 10/15/24 and a 52-week low of $11.89 on 02/26/24. A 50-day SMA is recorded $24.32, while a 200-day SMA reached $18.68. Nevertheless, trading volume fell to 1.19 million shares from 1.13 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 24.10, which, if violated, would cause prices to drop to 23.54. In the upper region, resistance lies at 25.01. The next price resistance is at 25.36. RSI (Relative Strength Index) is 55.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.16, which suggests the price will decrease in the coming days. Percent R is at 41.19%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
