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 $4,128,180 were sold by Javaheri Parham on Nov 22 ’24. At $24.57 per share, Javaheri Parham sold 168,000 shares. The insider’s holdings dropped to 243,938 shares worth approximately $5.43 million following the completion of this transaction.
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Also, Javaheri Parham purchased 168,000 shares, netting a total of over 4,116,000 in proceeds.
Before that, TPG GP A, LLC had sold 2,678,525 shares from its account. In a trade valued at $64,766,734, the 10% Owner traded Life Time Group Holdings Inc shares for $24.18 each. Upon closing the transaction, the insider’s holdings decreased to 2,678,525 shares, worth approximately $819.16 million.
As published in their initiating research note from Evercore ISI on November 22, 2024, Life Time Group Holdings Inc [LTH] has been an Outperform and the price target has been revised to $29. Analysts at Craig Hallum started covering the stock with ‘”a Buy”‘ outlook in a report released in mid July. As of April 23, 2024, Northland Capital has initiated its “an Outperform” rating for LTH. Earlier on October 04, 2023, Wells Fargo upgraded its rating. Their new recommendation was “an Equal weight” for LTH stock which previously was a “an Underweight”.
Analyzing LTH Stock Performance
During the last five days, there has been a drop of approximately -3.80%. Over the course of the year, Life Time Group Holdings Inc shares have jumped approximately 47.55%. 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 $24.07, while a 200-day SMA reached $20.22. Nevertheless, trading volume fell to 1.69 million shares from 1.35 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 22.04, which, if violated, would cause prices to drop to 21.84. In the upper region, resistance lies at 22.58. The next price resistance is at 22.92. RSI (Relative Strength Index) is 36.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.89, which suggests the price will decrease in the coming days. Percent R is at 88.57%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
