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Understanding the Risks of Investing in TKO Group Holdings Inc (TKO)

TKO Group Holdings Inc’s recent filing unveils that its 10% Owner Silver Lake West HoldCo, L.P. acquired Company’s shares for reported $146.24 million on Apr 09 ’24. In the deal valued at $89.01 per share,1,642,970 shares were bought. As a result of this transaction, Silver Lake West HoldCo, L.P. now holds 1,642,970 shares worth roughly $223.07 million.

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Then, SHAPIRO MARK S sold 31,026 shares, generating $3,560,544 in total proceeds. Upon selling the shares at $114.76, the insider now owns 42,156 shares.

Before that, MARK SHAPIRO bought 60,651 shares. TKO Group Holdings Inc shares valued at $7,086,463 were divested by the Officer at a price of $116.84 per share.

Pivotal Research Group reiterated its TKO Group Holdings Inc [TKO] rating to a Buy in a research note published on November 07, 2024; the price target was $145. A number of analysts have revised their coverage, including The Benchmark Company’s analysts, who decreased its forecast for the stock in late October from “a Buy” to “a Hold”. Pivotal Research Group began covering TKO with “Buy” recommendation on September 13, 2024.

Price Performance Review of TKO

On Friday, TKO Group Holdings Inc [NYSE:TKO] saw its stock fall -0.82% to $135.77. Over the last five days, the stock has gained 13.86%. TKO Group Holdings Inc shares have risen nearly 66.43% since the year began. Nevertheless, the stocks have risen 73.04% over the past one year. While a 52-week high of $137.25 was reached on 11/22/24, a 52-week low of $72.33 was recorded on 01/18/24. SMA at 50 days reached $123.24, while 200 days put it at $106.95.

Levels Of Support And Resistance For TKO Stock

The 24-hour chart illustrates a support level at 133.97, which if violated will result in even more drops to 132.17. On the upside, there is a resistance level at 138.33. A further resistance level may holdings at 140.89. The Relative Strength Index (RSI) on the 14-day chart is 71.47, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 11.66, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.85%. Stochastics %K at 92.52% indicates the stock is a selling.

How much short interest is there in TKO Group Holdings Inc?

A steep rise in short interest was recorded in TKO Group Holdings Inc stocks on 2024-10-31, dropping by -0.15 million shares to a total of 4.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 4.68 million shares. There was a decline of -3.39%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on July 18, 2024 when Redburn Atlantic began covering the stock and recommended ‘”a Buy”‘ rating along with a $129 price target.

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