Why Are Life Time (LTH) Shares Soaring Today
Stock Story
Published Feb 28, 2024 12:13
Updated Feb 28, 2024 12:47
Why Are Life Time (LTH) Shares Soaring Today
Stock Story -
What Happened:Shares of premium fitness club Life Time Group Holdings (NYSE:LTH)(NYSE:LTH) jumped 26.5% in the pre-market session after the company reported fourth-quarter results that blew past analysts' EPS and adjusted EBITDA expectations. Revenue also came in slightly ahead of expectations, driven by a strong growth in membership. Looking ahead, sales outlook for the next quarter and the full year came in higher than Wall Street's estimates. Overall, this was a strong quarter that should satisfy shareholders.
Is now the time to buy Life Time? Find out by reading the original article on StockStory .
What is the market telling us:Life Time's shares are very volatile and over the last year have had 22 moves greater than 5%. But moves this big are very rare even for Life Time and that is indicating to us that this news had a significant impact on the market's perception of the business.
Life Time is down 4.9% since the beginning of the year, and at $13.89 per share it is trading 37.2% below its 52-week high of $22.12 from July 2023. Investors who bought $1,000 worth of Life Time's shares at the IPO in October 2021 would now be looking at an investment worth $783.10.
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Written By: Stock Story
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